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Use employer’s direct deposit to save money

Postby augusta » 31 May 2023, 11:25

The truth is that sometimes we find it difficult to personally save money. So to ease the problem for you. You can Instruct your employer, to direct a certain amount from your paycheck each pay period and transfer it to a retirement account.

You can even asked it should be sent to your savings account or even both. This way you would not have to remember to do this after a pay day. So you are sure of your deposit every month end and money is saved.

What do you think?
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Re: Use employer’s direct deposit to save money

Postby astutimeliana723 » 01 Jun 2023, 03:31

Yes great idea, I can ask for a little cash from my salary, and I ask for the rest to be transferred directly to my account. So with the little cash I hold, I can save money. Don't be tempted to buy something that is not important.
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Re: Use employer’s direct deposit to save money

Postby Kenti » 01 Jun 2023, 06:51

Most employers don't like getting themselves involved in staff's personal financial dealings.
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Re: Use employer’s direct deposit to save money

Postby augusta » 01 Jun 2023, 09:34

Kenti wrote:Most employers don't like getting themselves involved in staff's personal financial dealings.


But you would be instructing them on this and I think it would be honoured. you can try it out first
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Re: Use employer’s direct deposit to save money

Postby Treborika » 01 Jun 2023, 14:33

That's a very great idea my friend. It can help one with the easiest way of doing Savings from the salary.
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Re: Use employer’s direct deposit to save money

Postby Inem » 02 Jun 2023, 06:57

My boss would just pay your salary into official channels.
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Re: Use employer’s direct deposit to save money

Postby augusta » 02 Jun 2023, 13:39

Treborika wrote:That's a very great idea my friend. It can help one with the easiest way of doing Savings from the salary.


Yes that is the whole essence you save very fast using this basic savings method
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Re: Use employer’s direct deposit to save money

Postby nela13 » 02 Jun 2023, 15:10

For some people something as radical as that must be made otherwise they won't be able to save a cent. I gave orders to my bank as soon as I receive my salary, a part of it goes directly to my savings account.
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Re: Use employer’s direct deposit to save money

Postby Nsikan » 03 Jun 2023, 05:36

nela13 wrote:For some people something as radical as that must be made otherwise they won't be able to save a cent. I gave orders to my bank as soon as I receive my salary, a part of it goes directly to my savings account.
It is true. Some people are so erratic with money that when once it gets into their control, they go wild with it.
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Re: Use employer’s direct deposit to save money

Postby Abdulhamid001 » 12 Jun 2023, 13:27

augusta wrote:The truth is that sometimes we find it difficult to personally save money. So to ease the problem for you. You can Instruct your employer, to direct a certain amount from your paycheck each pay period and transfer it to a retirement account.

You can even asked it should be sent to your savings account or even both. This way you would not have to remember to do this after a pay day. So you are sure of your deposit every month end and money is saved.

What do you think?

Well, this idea is very much okay , especially for one who has low self control thus find it hard to save .
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Re: Use employer’s direct deposit to save money

Postby Semi » 14 Jun 2023, 05:56

This could help if the boss agrees to do it because someonesome people can't have a good night rest when they have money till that money finishes.
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Re: Use employer’s direct deposit to save money

Postby augusta » 14 Jun 2023, 11:04

Abdulhamid001 wrote:
augusta wrote:The truth is that sometimes we find it difficult to personally save money. So to ease the problem for you. You can Instruct your employer, to direct a certain amount from your paycheck each pay period and transfer it to a retirement account.

You can even asked it should be sent to your savings account or even both. This way you would not have to remember to do this after a pay day. So you are sure of your deposit every month end and money is saved.

What do you think?

Well, this idea is very much okay , especially for one who has low self control thus find it hard to save .


Yes you nailed it , especially for those that don't have self control. it is always difficult to save this will be the best decision
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