We’re here to help you save thoughtfully
Saving plays an important role in reducing financial stress and maintaining financial slack. We’re here to support you so you can feel secure in the future while staying steady and confident today.
How to tackle saving
There are two things we focus on when thinking about saving: building liquid savings and saving for the long term.
Liquid Savings
Liquid savings—money you can access quickly and easily without penalties—help you stay steady when unexpected expenses come up, and funds can be rebuilt over time. Start with a goal that feels right for your monthly expenses and financial slack, then build toward about three months of expenses by making saving a regular part of your plan, like paying yourself first through direct deposit.
Saving for long-term goals
Saving for long-term goals like retirement, a home or travel helps secure your financial future by clarifying how much you need and what you can save now. Then determine if there are ways to supplement your savings. Checking with your employer to see what they offer for retirement is a good place to start.
Create a plan to grow your savings
Building savings starts with knowing where your money is going. A spending plan helps you track income and expenses so you can find opportunities to save more with confidence. Download our worksheet and take the first step toward reaching your savings goals.
Build liquid savings
If you need additional resources for building your liquid savings, we have you covered. Browse our resources below or visit our resource center for additional content.
Save for long-term goals
If you need additional resources for building a long-term savings plan, we have you covered. Browse our resources below or visit our resource center for additional content.
Ready to build financial slack?
Explore ways to build your financial slack in the areas of spend, save, plan and borrow.
Spend
Paying bills on time and spending less than you earn are the foundation for creating financial slack.
Borrow
Building credit and managing debt can help to create and maintain financial slack.
Plan
Planning ahead and getting insured are key factors in creating and maintaining financial slack.