Most of us get paid weekly, bi-weekly, or monthly. And depending on how busy and distracted we are we may or may not remember to send our money where it needs to go, right away. When you set up automatic payments, your cash goes where you want it to as soon as your money hits your account.
Here are a few examples to get your imagination rolling:
- Make payments on a loan or credit card. A specific sum of money from your paycheck can be directed to make payments on a loan or credit card account so that you do have to remember to do it yourself.
- Meet a savings goal. Allocate a specific amount from each paycheck to go into a savings account that you can use for whatever you like. Shopping, a vacation, school clothes for the kids, you name it.
- Take control of your finances. By setting up regular allocations, you can avoid late payments and fees. Plus, the fact that it’s automatic means you’ll never find yourself overspending and winding up short when it’s time to pay the bill.
You can set up automatic payments through your home banking login or give us a call at 509.328.2900 and we’ll help you set everything up!