Is Automating Your Savings Worth It?

kill your net worth

In an era where you can do (almost) everything online, some people are choosing to automate their lives in almost every way, including saving money. With so many apps, online banks, and websites, it’s easy to think that automating your savings is a great choice. But is it?

Is Automating Your Savings Worth It?

This post has been written by our fabulous staff writer, Kimberly Studdard.

Below, you’ll find why automating your savings may be worth it, and also a few reasons why it may not be.

Makes Savings A Habit

The average American has less than $1,000 in savings. If you aren’t used to saving money, or if you find yourself spending your money as soon as you receive it, automating your savings can help foster healthy habits, as well as give you a bit of a nest egg should you need extra funds.

If you . . . → Read More: Is Automating Your Savings Worth It?