Financial Statements - IV. Savings Strategies

Among the most successful strategies for accumulating savings are those that involve directing a set amount of money each week, month or quarter into a bank account, retirement plan, IRA or other savings vehicle. These funds may be directed from a paycheck received from an employer or from a checking account into an investment account.
  • Direct deposit
    • When your employer deposits your paycheck directly into your bank account rather than issuing a physical check. An employee may direct a portion of their earnings into a checking account for monthly expenses, another portion into a savings account for an emergency fund and a third portion into a retirement savings account such as a 401(k) or 403(b) plan.
  • Automatic savings plans
    • Most mutual funds and brokerage firms allow investors to set up a plan to invest a set amount on a monthly or quarterly basis. Once set up, these investments take place automatically without any further intervention by the investor.


Debt (Long-Term, Short-Term, Secured and Unsecured)

You May Also Like

Related Articles
  1. Trading Strategies

    Adjust Market Strategies To Elevated ...

  2. Fundamental Analysis

    How to Create a Personal Risk Management ...

  3. Investing Basics

    Want to Beat the Market? Take on Some ...

  4. Trading Strategies

    Three Types Of Profit Protection Stops

  5. Professionals

    Worried About Stocks? Try on Convertibles

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!