America Saves Week – Automatic Savings for Students

Did you know that nearly 73% of students surveyed have resorted to at least one “risky” financial behavior, such as maxing out credit card limits or not paying bills on time?

That is a very high percentage, but there is a way to avoid “risky” behavior like this. Encourage children and students to save automatically from their part-time jobs. They can start with as little as $20 a week or month and save more from there.

Why automatic savings works

  • Saving automatically makes it easier to save because your money is saved with each paycheck – you don’t have to think about how much to save or take any additional steps.
  • It’s tempting to spend money when it’s readily available. If you don’t see the money, you are less likely to miss it.

Avoid your children and students from being part of the statistic above and get them saving today!!!!

http://americasaves.org/how-to-save-money/save-automatically

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