Military Saves 2020 - Save Automatically
Military Saves Month makes it the perfect time to do a financial check-in. In these unprecedented times, focusing on the importance of saving and our individual financial future is a necessity. The easiest and most effective way to save is to #SaveAutomatically. Having a “set it and forget it” approach to saving increases your success rate.
The two best ways to save automatically are:
- Direct Deposit through Allotment: Have DFAS or PPC direct a certain amount from your pay and deposit it into a savings account.
- Automatic Bank Transfer: Every payday, Global Credit Union can transfer a fixed amount from your checking account to your savings or investment account. Give us a call or chat with us to get this set up.
Over time, these automatic deposits add up. For example, a $50 monthly allotment accumulates to $600 a year and $3,000 after five years, plus interest! Whether saving for an emergency fund, education expenses, retirement or all things in between, by making saving automatic, you can place yourself in the best possible position to reach any savings goal.
Ready to commit to saving more successfully? Check out the Military Saves Page on our website, www.globalcu.org/militarysaves. We encourage you to pledge or repledge with a new goal. Not only will you have a new savings plan, you’ll receive support, reminders and tips directly from Military Saves.
As a participant of Military Saves Month, Global encourages you to celebrate your savings journey by joining a community of military affiliated people on a similar savings journey. The Military Savers Facebook Group is hosted by MilitarySaves.
