Automating your savings will help you save more

[superman184]

Discipline and strictness are important if we want to be successful in saving, we must have a strong commitment in saving so that we don't regret it, the many temptations to spend money can make saving plans messy, it's best to make long-term contracts and never take money from the bank.

To be more precise, saving is a way or a way to success because every savings in the form of money or that can be cashed can be someone's capital for something, so that is clearly important and also needs to be done gradually so that it doesn't fall apart. Saving really needs to make a plan so that it can run smoothly and according to everyone's abilities because the temptation to continue using money will always be in everyone's life and people who are able to restrain their lust not to overspend will always win in his life.

[RockBell]

It takes a lot of discipline to be able to save money these days, which is why saving should be taken seriously. Thank God for apps that help you save money easily. all you need to do is complete the necessary setup. Whether you want a monthly, weekly, or daily deduction depends on what is convenient for you. I am aware of some apps such as Piggybank and many more that let you set up automatic savings. Automation has made everything easy.

[Mame89]

Saving automatically can help you build good, consistent saving habits, especially if you have a steady income each month. By saving automatically, you can ensure that a portion of your income is automatically deposited into a savings or investment account each month, helping you achieve your long-term financial goals.

In addition, investing in government bonds can also be a good choice for savings. Government bonds have a lower risk compared to other investments, because the government is considered a borrower who has the ability to repay its debts. Therefore, government bonds are considered as investment guarantees that are relatively safe and stable.

However, before investing in government bonds or other financial products, it is important to do your research and understand the risks and potential rewards of the investment. In addition, having a diversified investment portfolio can also help reduce risk and increase long-term profit potential.

Finally, bank savings can be the first choice for the general public because it is a safe and easily accessible financial product. However, interest rates on banknotes are usually lower compared to other investments such as government bonds or mutual funds. Therefore, if your goal is to make bigger profits, then it is worth considering bitcoin investments which have higher profit potential.

[Furious 7]

I didn't know that it's called automatic savings but it is for now and that's been a few years ago I've been doing it by continuing to deposit into my savings the actual amount of time is almost the same over time as well as sharing other things to invest in bitcoin with a nominal amount actually pretty much the same as I'm still someone who's always been doing DCA but it's more like some momentum is being created.
As for savings, I always do that, especially when I have a condition where the results of my unexpected distribution of funds are not used, I also always save them back there.

[Silberman]

...

What do I mean by automatic saving? Automatic savings is a type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their account. The typical structure of this type is an automatic transfer from an individual's bank account into a savings or investment account.

When you automate, you eliminate a decision – to save or not to save. Once you decide to set up auto-save and go through the initial process, that’s all. You keep saving at interval without a need to make a decision on either to save or not. With this one savings keep accumulating with time till one have a reasonable amount.

With automatic savings, ones monthly salary becomes: Salary- Automatic savings amount. With this, one will only calculate is daily needs on the remaining amount rather than calculating on all it's salary.

CONCLUSION
Saving money isn't something easy, it comes with determination and self-discipline but with automatic saving one can easily set his/her saving amount at interval.

I disagree with this, it is easier to save in this way that is true, but by relying on at external tool you are not developing the discipline which would naturally take you to do this, this means that as soon as you see that the amount you have saved is high enough your first instinct is going to be to spend it all, while those that saved that very same amount of money but by doing so out of their own will be able to resist those thoughts and keep their savings intact.

[usekevin]

The best way to automatically saving can be done using the bank system. Because you can use the deposit every day to save your money to your bank wallets.But it’s hard part to save automatically without any manually interacting.In some years the Artificial Intelligence may be used to save your money automatically.In future people can allow to save their money into crypto currency by using the Artificial Intelligence.With the current situation,you can buy the cryptocurrency using bank cards manually.The cost of crypto currency was different on different exchanges.Every traders should check before purchasing the cryptocurrency.

[nimogsm]

CONCLUSION
Saving money isn't something easy, it comes with determination and self-discipline but with automatic saving one can easily set his/her saving amount at interval.

On my bank card, a service is installed from each receipt of money,5 percent is immediately deposited on a special savings account and all this happens automatically, this is a very convenient function.But building a systematic saving of funds is really a matter of habit and you need to work on it, and only the result in a few years will really be able to motivate even more.

[TimeTeller]

It takes a lot of discipline to be able to save money these days, which is why saving should be taken seriously. Thank God for apps that help you save money easily. all you need to do is complete the necessary setup. Whether you want a monthly, weekly, or daily deduction depends on what is convenient for you. I am aware of some apps such as Piggybank and many more that let you set up automatic savings. Automation has made everything easy.

This is a great help especially for those who can really afford to set aside some of their funds.
You don't need to remind yourself but it is already auto set-up, and usually it is after you receive some sort of income.
For those who are living paycheck to paycheck, it is understandable that they won't commit to this type of savings.
But if you think you can save a lil bit even with your small income, you can do so. Sometimes, it is only a matter of budgeting your finances,
and prioritizing your basic needs. Always remember, live below or within your means.

[kaseygriffin]

(...)

IMO, automatic savings system is a great idea to help users keep excess funds and save for the future. With an automatic savings plan, users can set up a fixed amount to be deposited into a savings account on a certain schedule, like monthly or weekly. This makes saving money even simpler, because it is done automatically and no longer takes a lot of time and effort on the part of the user. In addition, with an automatic savings system, users can also take advantage of the benefits of depositing money into a savings or investment account. This can help users' funds grow over time and generate additional income for the future. Moreover, if users set up an automatic savings plan, they can also easily monitor and control their spending in a better way, since the amount of money is transferred to a savings account or invested from a savings account. their bank account will decrease. In summary, automatic savings system is a useful tool to help users save money easily and efficiently. It not only saves users time and effort, but also creates an opportunity to increase additional income for the future.

[|MINER|]

Snip.

I think those who do not have the patience to savings, those will never be able to savings, no matter what method they use.
But for those who have the mentality of saving, I think this method will be really fruitful. Moreover, another way of saving can be done through Bitcoin, where by setting a transaction time of Bitcoin, it will not be transferred to any other wallet until the set transaction time is over. I think it will work for those who are very impatient.

[lixer]

Discipline and strictness are important if we want to be successful in saving, we must have a strong commitment in saving so that we don't regret it, the many temptations to spend money can make saving plans messy, it's best to make long-term contracts and never take money from the bank.

That's probably right, you can't do anything with success if you don't follow a disciplined method to carry out your operations or take your steps with care. When it comes to managing your finances and trying to have some savings each month, it's very essential that you spend your money in a disciplined manner based on how much you earn.

For some people, it becomes pretty difficult to spare any money that they can save even if they are disciplined spenders, that's because they earn a very limited income each month that they only can use to run their kitchen for the whole month.

[mm2543363580]

Discipline and strictness are important if we want to be successful in saving, we must have a strong commitment in saving so that we don't regret it, the many temptations to spend money can make saving plans messy, it's best to make long-term contracts and never take money from the bank.

That's probably right, you can't do anything with success if you don't follow a disciplined method to carry out your operations or take your steps with care. When it comes to managing your finances and trying to have some savings each month, it's very essential that you spend your money in a disciplined manner based on how much you earn.

For some people, it becomes pretty difficult to spare any money that they can save even if they are disciplined spenders, that's because they earn a very limited income each month that they only can use to run their kitchen for the whole month.

This is the most organized and systematic method of saving as in today's world saving is becoming difficult because of inflation and extra expenses.  No matter how much you try to be careful while spending you end up spending more than you calculated amount so this type of saving is the only solution.

[yohananaomi]

indeed, for the first time starting to set aside a portion of the salary so that it can be saved (into automatic savings) is of course not easy because the consumptive nature of the person sometimes defeats all of that, yet unforeseen needs can make what has been decided not realized properly, the intention is always to set aside in the end it couldn't be done.
but if it has been intended and has become a habit then by itself it will be easy to continue to do.
setting aside part of your salary (to become automatic savings) but directly allocated to buying crypto such as bitcoin, etethereum, bnb is certainly very wiser, because you will get double the profit compared to being set aside in a bank which is only interest and not large.

[Davidvictorson]

What do I mean by automatic saving? Automatic savings is a type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their account. The typical structure of this type is an automatic transfer from an individual's bank account into a savings or investment account.

I'll offer a counterargument from my own perspective and experience because I'm a touch old school. This in no way implies that I don't agree with the OP's comments or anything else. The OP noted that automatic savings involve the deposit of a fixed sum of money into a person's account at a certain period. The problem with automatic savings is right here. It robs me of the enjoyment of managing my finances actively. With automated saving, I am unable to evaluate my financial condition and be able to change my savings plans as and when necessary. 

[Vishnu.Reang]

Automatic investment plans allow us to contribute money at regular intervals without lifting a finger.  The money can be setup  to come directly from our bank account every time we paid. In essence, we are "paying ours elf first"  which is huge benefit if we trying to build wealth. It is my personal experience once i went at Bank that time my uncle was suggested me to invest in APY he is the manager of bank that time i didn't have any interest to do such things and he said that is is really small amount like around rupees 289 per month cant ignore him because he is my cousin i just invest that time and i forget about it for long time almost 3 years. Last moth i  went at bank and suddenly recognize that i have an account in APY when i ask them to check i really shocked that there was amount rupees 10404 without i realize it was really surprise for me and i decided to continue it. If we are investing small amount from our income then it didn't effect much but really matter in our hard time.

[Semar Mesem]

To make our future better, the best thing is to force saving, many people are complacent by continuing to be consumptive so that when old age comes they are not ready and get a lot of financial difficulties. with an automatic saving system, it can make our finances better.

[noorman0]

-snip-
In some years the Artificial Intelligence may be used to save your money automatically.

No need for AI, it's actually common features. Now banks can offer programs such as financial planning where they can charge you monthly savings that are automatically "locked" from a portion of your regular balance. If you use non-bank digital wallet apps, they actually have more features related to future savings.

[tjtonmoy]

Automatic saving is good but in time of need, some may spend all their savings. Is there any reason not to use the money kept in that saving account? No, and this is why we need a reason to save for too. If we think that we need to save to achieve something, we will keep saving despite the fact that it is automatic or manual. And won't use that until it is fulfilled. If we save without any reason, then the chances of using that money for other thing is really high.
The automatic process you said in the OP is quite good, but I think adding some reason to save with that will make it even better.

[traderethereum]

To make our future better, the best thing is to force saving, many people are complacent by continuing to be consumptive so that when old age comes they are not ready and get a lot of financial difficulties. with an automatic saving system, it can make our finances better.

But many are not ready if they have to force themselves because they must have many reasons, especially financial problems, which they think are still lacking.
If they want, they can set aside a small portion of their income to deposit in their account so that they can have useful savings in the future.
An automatic savings system can help prepare us financially for the future so that we won't experience difficulties if we have urgent things that need money.
But we have to save regularly and activating the automatic savings feature in our account is a good idea.

[Bananington]

As humans, we tend to have a need for immediate satisfaction. These needs keep increasing on dialy basis, if one decide to go by all these needs, one may end up without a saving.

There is a need for financial discipline, you have to master the art of keeping your wants under control as you mature and have financial responsibility. Without responsibility, having money always available to you may not be important, but with responsibility, you understand the need to stop spending money wastefully.

What do I mean by automatic saving? Automatic savings is a type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their account. The typical structure of this type is an automatic transfer from an individual's bank account into a savings or investment account.

Saving in fiat is not the best, but someone who develops the habit of saving will do well with a similar DCA strategy when they begin to buy and want to keep bitcoins. Someone who knows how to save money and increase it by increasing the deposit occasionally will be a very disciplined person to DCA and keeping his bitcoins.