Listen To The May Podcast
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Pay Yourself First
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(2.04 MB)
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Pay Yourself First
We automatically do some things every day because they're good for us: Brush our teeth. Buckle our seatbelts. Deposit money into our savings accounts. Oops – maybe scratch that last one.
If you'd like to build your savings but lack the money, time or discipline to make deposits, you're not alone. But now is the perfect time to get in the habit of saving, and White House Federal Credit Union's automatic deposit options make it easy.
Automatic funds transfers allow you to designate an amount of money to move from one White House FCU account to another. This is an easy way to build and manage your savings, since you can set up a transfer to take place on a specific day each month. With direct deposit and payroll deductions there is no waiting for checks to clear – your money is automatically deposited into your account.
Having money deposited automatically into a designated savings account is an effortless way to pay yourself first and reduce the temptation to spend those funds. NCUA insurance up to $250,000 means you don't have to worry that the money will be there when you need it. In addition to protecting your savings, you'll be acquiring more money through dividends in the process.
Start Today
A disciplined approach to saving is crucial for a healthy financial future. Having money automatically transferred from your checking to your savings – even if the amount seems small at first – can be a great way to develop the savings habit.
Whether you're saving for a new car, building an emergency fund, or simply want to save, save, save, White House Federal Credit Union can help. To set up automatic funds transfers or direct deposit, or to open an account with us, please contact a White House Federal Credit Union representative.