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It can be hard to put aside money for savings. But, there are easy ways to save money without ever missing it – make your savings automatic in 2014. Automatic

Retirement savings is a top priority for many Savers. Saving for retirement now will ensure that you have enough money to maintain a comfortable standard of living when you stop or reduce the amount of hours you work

How to Save Automatically

 The best automatic saving is when you make a decision to do so, then it just happens.  Every pay period, your employer deducts a certain amount from your paycheck and transfers it to a retirement or savings account. Ask your HR representative for more details and to set this up.

Every month, your bank or credit union transfers a fixed amount from your checking account to a savings or investment account. Talk to your local bank or credit union to set this up.

Why Automatic Savings Works

 Over time, these automatic deposits add up. $50 a month accumulates to $600 a year and $3,000 after five years, plus interest that has compounded. Soon you will be able to cover many unexpected expenses without putting them on your credit card or taking out a payday loan.

If you can't afford to save $50 a month, there are alternatives. Many banks and credit unions will transfer as little as $25 monthly from checking to savings and, as an added bonus, waive any monthly savings fees.

I Don't Have enough Money to Save

If even $25 is too much, just save your loose change. If every day you put some or all of the loose change in your pocket or purse into a jar, and don't spend it, you will find that in a year you will probably accumulate more than $100.

Just saving loose change has persuaded many Americans that they are able to save. And when they become convinced that they can save, they find other ways to build an emergency fund or save for other goals.

Everyone has the ability to save. At America Saves, we say "Start Small, Think Big." You can start with only $10 a week or month. Over time, your deposits will add up. Even small amounts of savings can help you in the future.

Save automatically. As millions of savers have learned, what you don't see you won't miss.

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