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1. What does it mean to set up an “automatic deposit” and why is this a good savings strategy?
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21 votes
21 votes
1. What does it mean to set up an “automatic deposit” and why is this a good savings strategy?

User Blitzcrank
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6 votes
6 votes

Answer:

an automatic deposit will put a set amount of money away into savings without you having to do it that way you will not have to worry about it and won't be tempted to spend it instead of saving it. it's a good strategy because it eliminates that temptation and makes it so much easier to save without falling off track

User Jesper Madsen
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