Did you know the easiest and most effective way to save is automatically? It's how millions save through 401(k)s and other retirement programs at work. It is also how millions more save at their bank or credit union. That's why this September we are challenging you to make your savings or debt payments automatic.
The automatic savings challenge is part of our series of #ImSavingFor challenges. This summer, we challenged American Savers to save an extra $50 in June and bring lunch from home for a week in July. And we loved seeing you share on social media how you met the savings challenge and your incredible goals. From planning your honeymoon cruise to saving for a family member’s college education, you inspire us every day!
If you don’t yet have a monthly savings goal, this is the perfect opportunity for you to make a plan. Those with a savings plan are twice as likely to save successfully, so it’s an important first step in reaching your goals.
The America Saves pledge is designed to help you save money and reduce debt by thinking through your goals, and how much you want to save. Whether you are saving for your first home, a new car, or a graduate degree, our pledge can help you get there. And you’ll officially be part of the brown bag lunch savings challenge!
If you're in, here are some options for saving automatically: