Did You Automate Your Saving Deposits In Banks?

Discussion in Savings & Investments Plans started by luckycharm • Jan 14, 2017.

  1. luckycharm

    luckycharmActive Member

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    It is very difficult for me to save money as I am somewhat a spendthrift. So I opened a Recurring Deposit in a bank and I know I have to put money every month without fail. But I know it is not going work out so I automated my monthly deposit to RD. Every month a particular amount will be moved from my saving account to my RD. I think it is quite convenient and I no more worry about manually depositing the money. As soon as my salary hit the bank account on a particular date this amount will be deposited in RD automatically.

    Did you ever automate your savings in bank?
     
  2. harijobs

    harijobsActive Member

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    Wow. Just now I am aware of this. I have read your post at the right time as I was thinking about some ways to save money every month but I don't know how. I will check about this RD account available at my place and if I have this facility I will engage in it. Thanks for sharing.
     
  3. ADSSOLSN

    ADSSOLSNMember

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    not yet, but I feel this might be the answer for my portfolio, since I always end up spending first and saving later.
    this will ensure I save first and spend the remainder.
    thanks for the insight @luckycharm@luckycharm
     
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