Is Automatic Savings Beneficial for You?

[Suba]

We often hear financial experts advise beginner savers, people who have just started working and are starting to earn money, or anyone who wants to save but lacks savings awareness and discipline to activate the automatic savings feature and set a specific amount to save each time they receive their paycheck.

Some of the benefits of automatic savings include avoiding impulsive spending, improving discipline, and avoiding the fear of forgetting when it's time to save.

 

[King Belieal]

Automatic savings has been beneficial to me in that it has helped me to make savings even when I don't want to or feel like making savings.

 

[Augusta]

I believe it would be beneficial to a lot of people. You would be sure of having your savings intact as it is automatically done

 

[Starmix]

It depends on the person. I don't advocate to automatic saving. I have my own decision on how to save. I mostly invest my savings.