See your Wealth Grow Automatically

We cannot stress enough how important saving is for your financial future. But, having an account and actually saving money in it are two entirely different issues.

Saving money is a tall order for anyone, especially young people. For every good reason why you should save, you will identify 100 why you can’t ….. at least not right now! Sounds familiar? It’s hard to part with your hard-earned money at the end of the month even though you know that you should be saving. So, you try to convince yourself that every month you’ll take money out of your salary account and put it in a savings account. You do this for two months but then you start finding other things to do with your money. Before you know it, another year will pass and you have nothing in your account to show for it.

Well, there’s a quick fix to that problem.

A Standing Order transfers money from your salary account to your savings account automatically. If your salary is $4,000 and you set up a standing order for $400 (using the 10% rule), when your salary hits the bank, $400 will be transferred into your savings account automatically. Now, if you set the standing order date for the first day after your salary hits the bank, you can spend the remaining funds with a free conscience knowing that your nest egg is taken care of. Strangely enough, after a few months, you won’t even miss the $400 and you’ll be seeing your wealth grow.

A Standing Order is also an excellent tool to save toward specific annual commitments like school fees, car insurance or even Carnival.

To make your savings plan automatic today, call us at 625-7288 NOW!

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