Category: Savings Plan

Employee Savings Plan

What is an Employee Savings Plan An employee savings plan is a pooled investment account provided by an employer that allows employees to set aside a portion of their pre-tax wages for retirement savings or other long-term goals such as paying for college tuition or purchasing a home. Many employers match their employees’ contributions up to a certain dollarRead More

Develop a Savings Plan

Use these strategies to help you get started saving: Pay yourself first. List savings as a fixed item in your spending plan. You are less likely to spend money you already have earmarked for savings.  Use automatic savings methods. Set up an automatic transfer from your checking account to a savings account each month. Save all or partRead More

8 simple ways to save money

Sometimes the hardest thing about saving money is just getting started. This step-by-step guide on how to save money can help you develop a simple and realistic plan to save for goals, big or small. Record your expenses The first step to saving money is to figure out how much you spend. Keep track ofRead More