Question

For most people, the most effective way to save is:

A,) Transfer money from a checking account into a saving account
B.) Use a budget to determine how much you can save, then transfer that amount into a savings account
C.) Use a budget to determine how much you can save, then automate the savings by direct depositing that amount from each paycheck
D.) Deposit extra money into a saving account

Answer 1

For most people, the most effective way to save is to deposit extra money into a savings account. Using budgets is great, but not a lot of people can create and adhere to them.