Education Center

Eight steps to simplify your finances

Time is a precious commodity. Here are eight ideas to save time and reduce the stress and anxiety of managing your financial affairs.

1. Enroll in direct deposit

It eliminates trips to the bank and the risk of your checks being misplaced, stolen or lost in the mail.

2. Sign up for overdraft protection

By linking your checking account to a line of credit, savings account or credit card, you avoid the cost, hassle and embarrassment of a bounced check.

3. Set up automatic, recurring transfers

Establish a savings plan by automatically moving money from your checking to your savings account. Over time, regular, automatic transfers to a savings account add up.

4. Use online bill payment

It's free and takes just minutes. Plus, it's safer and more convenient than sending paper checks.

5. Consolidate your financial relationships

Working with one financial institution that's capable of meeting all your financial needs is much easier than dealing with many.

6. Consider personal financial management software

Programs such as Quicken® or QuickBooks® make handling your finances easier and quicker.

7. Build a rainy-day fund

Be ready for unexpected expenses, or have extra funds available for a special vacation. Many financial experts recommend having 4 to 6 months of income saved.

8. Review your investments

Make sure your asset allocation matches your time horizon and risk tolerance.

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The information provided is not intended to be legal, tax, or financial advice. BB&T cannot guarantee that it is accurate, up to date, or appropriate for your situation. You should consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.

Branch Banking and Trust Company, Member FDIC.