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From tackling car loans to planning for retirement, savings help you achieve your goals. A savings account can also give you peace of mind if you ever have an unexpected expense like a home repair or medical bill.
If you earn enough money, yet find yourself living paycheck to paycheck, it’s time to make a plan to start saving. One way to make saving easy is to make it automatic. If your bank allows it, choose to set up a recurring automatic transfer from your checking account to savings account.
Saving becomes easier with practice. Even a small amount saved each month can make a huge difference in your financial situation.