Money-Saving Tips: Take Advantage of Automated Savings

Do you struggle to save money? With so many expenses and bills, it can be hard to remember to put aside some of your earnings for the future. But what if there was a way to make saving easier? Automatic savings is a great way to make sure you’re always setting aside money for your important goals. In this blog post, we’ll take a look at the different options available to you when it comes to automating your savings, as well as some tips for setting your plan in motion.

Why Automated Savings?

Managing personal finances can be both a daunting and time-consuming task. Automated savings can help make your finances easier to manage and control. With automated savings, the worry of having to manually allocate funds each month towards savings is lifted as the money is automatically transferred from your checking account into your savings account with each paycheck. This forces discipline into budgeting as well as simplicity, allowing you to focus more on other aspects of personal finance such as debt reduction and asset diversification. Automating personal finances is not just a modern convenience; it is an essential tool that should be embraced by all those serious about personal financial health.

How to Automatically Save

Setting up automatic savings is easier than ever. With a few simple steps, you can set up your automated savings plan and be well on your way to financial security. Here are a few options available to you when it comes to automating your savings:

  1. Automate Transfers from Paycheck to Savings Account: Setting up automatic transfers from your paycheck into a designated savings account is perhaps the simplest way to automate your savings plan. You can set up a recurring transfer each month so that money from your paycheck goes directly into your savings account. This ensures that money is set aside for savings with each paycheck and you don’t have the temptation to spend it on unnecessary items.
  2. Set Up Automatic Savings With Your Bank: Banks often offer automatic savings plans that deduct a predetermined amount from your checking account each month and deposit it into a savings account. This type of automatic savings plan allows you to set the amount so that it fits comfortably with your budget and is also flexible enough to adjust when needed.
  3. Automatically Pay Bills: Many banks now offer the option to pay bills automatically each month, making it easier to stay on top of your payments and free up more money for savings. Setting up automatic payments for bills can help ensure that you stay on track with your budget and have less to worry about each month.
  4. Automatically Contribute to a 401K: Contributing to a 401K plan is an excellent way to save for the future. Many employers offer the option to contribute a certain percentage of your paycheck to a 401K plan, which can then be automatically deducted each pay period. Setting up automatic contributions to your 401K can help you stay disciplined and ensure that money is always set aside for retirement.
  5. Set Up Automated Investment Plans: For those looking to invest their money, some financial institutions offer automated investment plans that allow you to set up automatic deposits each month into any type of investment account. This is a great way to save for retirement or other long-term financial goals.

Tips for Getting Started

  • Assess Your Finances: Before getting started with automated savings, it’s important to take a step back and assess your current financial situation. Consider things like your income, expenses, existing debts, and any financial goals you may have. This will give you an idea of how much money you can realistically dedicate to savings each month.
  • Set Clear Savings Goals: Having a clear savings goal is essential for motivating you to save and stick to your plan. Whether it’s saving for retirement, a special vacation, or a down payment on a house – make sure your goal is attainable and realistic.
  • Automate the Process: Once you’ve set your savings goals and budgeted for them, the next step is to automate the process. You can transfer funds into a savings account manually each month, or you can set up an automated transfer through banks and other financial institutions.
  • Monitor Progress: Automating your savings doesn’t mean you don’t have to check in on it. Set a schedule for yourself to review your progress and make sure you’re on track with your goals.
  • Celebrate Successes: Don’t forget to celebrate the small successes along the way – this will help keep you motivated.

Remember, automated savings don’t have to begin with large sums of money. You can start with something as small as $20 a month and gradually increase over time.


Automating your personal finances is an effective and efficient way to ensure that you are making progress towards your financial goals. By taking the time to assess your finances and set clear goals, you can create an automated savings plan that works for you. Automating your savings also helps to reduce the temptation to spend your money on unnecessary items, and gives you more control over your financial future. So take the time to set up an automated savings plan today and start enjoying the benefits of a more secure financial future.

Contact O’Brien Retirement Investment Group

If you’re ready to take the next step towards achieving your financial goals, reach out to O’Brien Retirement Investment Group today at 860-415-9614. Our team of experienced advisors can help you review your financials and create an automated savings plan that works for you. Contact us today to set up a free, no-obligation consultation and get started on your path to financial success.