Managing your finances perfectly can be challenging and time consuming. But there are a few smart steps to take that will save you time and help you accumulate funds for any financial objective.
Direct deposit of your paycheck is the fastest, safest, and most convenient way to get your wages, Social Security payments, or other government checks into your checking or savings account. Eliminate worrying about lost checks, waiting in line to make deposits, or delays if you are on vacation or out of town. With direct deposit your money goes to work faster, too.
Signing up for direct deposit is easy. Speak with your payroll or human resources department for more details. For Social Security or other government payments, visit the Go Direct website or call them at 888-333-1795 to sign up for direct deposit. You will need your account number and ABA routing number to sign up in a few minutes. It is easy, simple, fast, and effective.
Why not have a specified amount from your checking account go directly into a BB&T eSavings account each month? If you are already doing this, consider increasing the amount. This simple tool is a useful way to save more and develop a good saving habit.
Along with taking advantage of your 401(k) or other employer-sponsored retirement plan, using automatic transfers is probably the easiest way to save.
You may want to use this technique for a short-term goal, such as a major purchase, down payment on a home, or to pay for that dream vacation. It also can be an important and effective part of planning for a financially secure retirement.