Most employers will
automatically take money out of your paycheck to put into your 401 (k) account and many will also match some or all of what you contribute.
Not exact matches
Sometimes the bank will
automatically credit your account the
money because they assume checks will clear, but then they will
take the
money back
out of your account if the check doesn't clear.
And yeah, it would require more personal responsibility from all of us, but if the government is just
automatically taking your
money (
out of your paycheck each month) and doing your charity work for you — that's not really loving your neighbor anyway, is it?
When your
money is
automatically taken out of your paycheck, you're less likely to spend it on something else.
If you
take the cash to pay for your car and put in a high - interest savings account, finance your car for 0 % APR and have the car payments set - up to
automatically come
out of that savings account — you will actually make a little
money from the interest earned.
Automatically have
money taken out of your paycheck to go to a 401K or other retirement program so you don't have to think about doing it.
Look for things like recurring expenses that may have been
automatically paid, paychecks that may be
automatically going into your account (direct deposit), etc... Get moving on that to make sure you aren't adding more funds to the account (that you would have to
take out) and to make sure any transactions that pull
money out don't leave you in an overdraft situation.
You aren't disciplined enough to keep investing that
money every month without the ease of having it
taken out of your paycheck
automatically.
You might have
money taken out of your paycheck
automatically to be put into a 401 (k)-- and have that amount increase by a certain percentage every year.
Qapital helps you save
money by
automatically taking it
out of your bank account according to rules that you set up.
Paying your premium in full or having your payments
taken automatically out of your bank account could save you some
money.
Set a date, set the amount, and Simple will
automatically take out money every day to fill that goal.
Money is
taken out of your paycheck
automatically on a pre-tax basis.
And since the
money would be
taken out automatically, you will more easily adjust to life on a slightly lower cash flow.