Smart Account Balancing Tips for Financial Confidence

Yeah, I feel like we could play buzzword bingo with some of this.

It doesn't matter how much you make.

It's how much you keep.

Right.

And I love I love those alerts that you're talking about.

I have a joint checking account with my son, and I will admit I get those lower balance notifications more frequently than I would like.

But great job calling attention to that.

It really does make keeping track a lot easier than it used to.

You also talked about our savings account.

For our listeners who feel like money is tight today, what would you recommend as a way to start building a savings buffer without getting overwhelmed?

Yeah, that's a great question.

One of the things that I recommend first is to save not just for the sake of savings, but save with a goal in mind.

There's something about when you're able to make it something tangible, it motivates you.

And so you're more likely to stick through it.

So let's say that the tangible thing is a rainy day fund.

You had a bad experience once and you really don't want to find yourself in that situation again.

So you want to have an emergency savings account.

So what I recommend is just open one of those free savings accounts that we offer.

It takes no time at all.

You do it online.

And what you're able to do is separate out your savings fund from the rest of your day-to-day checking savings account.

And so you set up the separate savings account and then just start with a small and achievable amount that you can automatically transfer every month.

It doesn't have to be anything big.

It doesn't have to be something that you find is going to be a really big stretch goal.

It's all about building confidence, knowing that you can do it and just starting.

Yeah, I feel like we could play buzzword bingo with some of this.

It doesn't matter how much you make.

It's how much you keep.

Right.

And I love I love those alerts that you're talking about.

I have a joint checking account with my son, and I will admit I get those lower balance notifications more frequently than I would like.

But great job calling attention to that.

It really does make keeping track a lot easier than it used to.

You also talked about our savings account.

For our listeners who feel like money is tight today, what would you recommend as a way to start building a savings buffer without getting overwhelmed?

Yeah, that's a great question.

One of the things that I recommend first is to save not just for the sake of savings, but save with a goal in mind.

There's something about when you're able to make it something tangible, it motivates you.

And so you're more likely to stick through it.

So let's say that the tangible thing is a rainy day fund.

You had a bad experience once and you really don't want to find yourself in that situation again.

So you want to have an emergency savings account.

So what I recommend is just open one of those free savings accounts that we offer.

It takes no time at all.

You do it online.

And what you're able to do is separate out your savings fund from the rest of your day-to-day checking savings account.

And so you set up the separate savings account and then just start with a small and achievable amount that you can automatically transfer every month.

It doesn't have to be anything big.

It doesn't have to be something that you find is going to be a really big stretch goal.

It's all about building confidence, knowing that you can do it and just starting.