Save with a Separate Account?
You’ve read countless tips about how to save money and by now can recite some in your sleep. Advice like “brown bag your lunch, get rid of cable, get a prepaid cell phone, drop your gym membership and work out at home” is helpful but each of these requires you to give up something you were used to, perhaps even enjoyed. We say “perhaps” since working out is a labor of love after all.
Are you ready to add another weapon to your savings arsenal? One that doesn’t sting as much as gnawing on a soggy sandwich while your co-workers head out for burgers?
Consider a dedicated savings account that is automatically funded by deposits from your regular checking account. You can open a “set aside account” with RMLEFCU any time throughout the year and there is no minimum balance or fees. The best part? On the first day of Spring – we will transfer what you have set aside into your checking account. RMLEFCU will direct deposit any amount you tell us to. Every time a paycheck hits? Twice a month? Once a month? Once you tell us to set up the account, you’ll never have to log in and redirect your money or go in and close the account once you’ve reached a certain amount.
The only commitment from you is a $5.00 deposit to get started.
How much should you set aside? It doesn’t really matter. Any amount you are saving is more than you were doing before you made your savings automatic.
Let’s face it, automating boring or unpleasant tasks is a great way to overcome complacency and sock away more of your hard earned money without having to deprive yourself.
A separate account is the embodiment of “out of sight, out of mind” and Rocky Mountain Law Enforcement Federal Credit Union can easily set up your set aside account. All you have to do is call us atPhone:(303) 458-6660 or ask one of our helpful employees the next time you are here.