Are you saving as much as you would like?

There are plenty of reasons to open a savings account: Emergencies, large purchases, vacations, college tuition, Christmas, or simply to lay a foundation for your long-term financial stability.

One of the first steps to saving is spending less. Realizing how much you spend in certain areas encourages you to make changes like not eating out or shopping less regularly. Those small purchases add up. Monitoring your expenses ultimately leads to more saving.

One easy way of helping yourself to grow your savings account is by setting up automatic transfers from your checking to your savings on a regular basis. It is important to create a budget and pay yourself first. Perhaps once or twice a month you can have an automatic transfer to your savings account such as on each payday. If you pay yourself first, you get into the habit of saving.

In addition to saving money, you can save yourself time by setting up automatic Bill Pay. Our online banking allows you to set up Payee’s, set up one time or recurring payments, as well as transfers between accounts. This free service can save you money in postage as well as time spent writing out checks every month.

There are several options for saving money: savings accounts, money market accounts, certificates of deposit, IRA’s, or even a 529 plan to start saving for your children or grandchildren’s college education.

Start planning for your future today. Come by your local HCB branch and let us help you start saving today!