Wow, you are serious about saving for the holidays. In fact, thousands of DailyWorth readers pledged to save $500 by the time the shopping season hits. If you want to join them—and get a chance to win an extra $500—make your own pledge today!
Now all you need is a system to make it happen.
|1.||Decide on a plan. Hoping that you might find $100 here and $50 there won’t work. Let’s say you’ve saved $75 since your pledge a couple of weeks ago. That leaves $425 to save by November 15.|
Do you want to save $85 per week? Sock away $12 per day? $X amount per paycheck? It doesn’t matter to us, as long as it works for you.
|2.||Set up a dedicated account. Behavioral economists who study this stuff have found that you’re a far more successful saver when you tie your own hands. Meaning: you need an account that’s not linked to your checking or to your ATM card.|
|Sign up for an FDIC-insured Barclays Online Savings account and start receiving 1.00% Annual Percentage Yield (APY)* on your savings today.|
|3.||Review step 1. Ready? Committed? Now set up an automatic transfer from your checking to your remote, untouchable savings stash. Pretend it’s your own off-shore account. Shhhh.|