The best way to start saving money is to understand what works best for you, your lifestyle, and your habits. Everyone's personality and financial situation are unique, so saving money shouldn't be "One size fits all." Here are some saving strategies based on four different personality types.
You're goal-oriented or competitive
If you constantly look to the next goal or benchmark and enjoy a little bit of friendly competition, this one's for you! The best way to ensure you meet your goals is to document them and stay on top of them, whether you choose to do this on an app or the old-fashioned way – a pen and paper. This way, you can actively track your achievements and even stay in competition with yourself. Isn't that the best type of competition?
You're spontaneous and enjoy adventure
Do you love to shop around "just because"? What about jet-setting off to travel without a plan? You might want to think about using the auto transfer function to set a separate fund just for spontaneity. That way, when you make a last-minute decision to go out with friends or buy a fancy watch, you aren't taking away from your savings goals. So, take the unplanned, last-minute trip; you totally planned for it anyway!
You're forgetful or tend to procrastinate
It can be difficult to save when you completely forget to transfer money or keep telling yourself, "I'll do it later," and then later never comes. If this is you, you're a great candidate to set up automatic transfers. That way, you can watch your Savings Account build without having to think too much about it.
You love structure and playing by the rules
If you live a lifestyle of structure and routine, why wouldn't you save money the same way? You're a great candidate for the Money Management Tool in the Vibe Credit Union Mobile Banking App. You can set budgets for different spending categories and even get alerted when you go over, or are projected to go over, your budget for a specific category.
Budget in a way that works for you
Each person is unique, so why wouldn't their strategies for saving be unique, too? Learn more about Vibe Credit Union Savings Accounts here.
