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K-State Research and Extension
123 Umberger Hall
Manhattan, KS 66506-3401

January 31, 2017

America Saves Week is Coming--An Easy Savings Tip

Submitted by Kate Mielitz, GRA-Extension

Save Automatically

America Saves Week is just around the corner, February 27-March 4. To whet your appetite for all things savings, here’s an EASY way to take a BIG step forward in your savings goals!

Saving automatically is at the heart of America Saves Week’s mission. It’s been shown that the easiest and most effective way to save is automatically. This is how millions of employees save through 401(k) and other retirement programs at work. It is also how millions of Americans save at their bank or credit union.

The best automatic saving is when you make a decision to do so and make it easy on yourself to follow through. Some examples:

  • Every month, have your bank or credit union transfer a fixed amount (like $25) from your checking account to a savings or investment account. Talk to your local bank or credit union to set this up.
  • Every pay period, deduct a certain amount from your paycheck and have it deposited automatically into a savings account. Talk to K-State Human Capital Services payroll representatives for more details.
  • Challenge yourself to contribute more than the required minimum to your retirement plan. Learn more at http://www.k-state.edu/hcs/benefits/retirement/.