Saving money can be much easier than one might expect. My brother found this out recently, after making a small adjustment to his account.
My brother can be considered a frivolous spender, he hardly saves, and if he ever saves, the money is used up before you know it.
About 8 months ago, my brother came seeking advice as to how he can start a savings. My first response was that he should stop spending so frivolously, and start working with a budget.
Knowing him, he would not be able to stick to anything; therefore I introduced him to a program TD has been running called TD’s Simply Save.
This program allows you to automatically deposit money into your savings account every time you use your debit card.
He decided to the deposit amount to its maximum, and after 8 months he checked his savings account and found a nice sum of money.
The beauty of this program is that you do not have to do anything to save aside from initiating the program. You simply spend your money, and you are saving simultaneously.
This is perfect for unmotivated savers; some people find it difficult to come up with a goal to work towards. This program allows you to save money despite not having a goal.
For those who are finding it difficult to save money at this point in their lives, you may want to consider using this type of savings program. It is efficient, and will definitely got the job done.