How can I grow my savings?

Create a budget based upon your average monthly income and expenses including the amount you want to save each month. Limit discretionary spending to a pre-determined, budgeted amount. If your budget doesn't allow for one more night out or another fancy coffee drink, then say no to these purchases.

Another great way to help grow your savings is to automatically deposit a pre-determined amount to your savings account each month, or better yet, make an automatic deposit every payday. If you find that there are excess funds in your checking account each month, take another look at your budget to see whether you can increase your automatic savings amount.


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Tip:

Creating a budget can help you grow your savings.

Calculate your income and expenses to see where you can cut spending and increase your contribution to savings.

Create a Budget Now >

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