SPLIT YOUR DI­RECT DE­POSIT

The Arizona Republic - - Business -

If sav­ing money over­whelms you, maybe it’s time to try a new ap­proach.

“Trick your­self to be lazy when it comes to sav­ings,” says Dan An­drews, a cer­ti­fied fi­nan­cial plan­ner at Well­Rounded Suc­cess in the Den­ver area.

In other words, make sav­ing more au­to­matic.

Check­ing and sav­ings ac­counts of­fer tools that can aid in build­ing wealth with­out much ef­fort. Change up your bank­ing with these tricks.

If you’re tempted to skip sav­ing money right af­ter pay­day, this strat­egy might be use­ful. In­stead of a di­rect de­posit into one ac­count, you can have in­come go straight to two or more ac­counts. This lets you sep­a­rate your spend­ing money from your sav­ings right away.

This strat­egy won’t work for ev­ery­one.

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