Achieve your savings goals with pre-authorized debits
If you’re like many Canadians, you probably save as much as you can from each paycheque ― after you’ve taken care of bills, food, discretionary spending, and everything else that life throws your way. It often doesn’t leave much for savings. However, with a bit of planning ahead and a commitment to saving first, you can reach your goals.
Re-focus your budget
Live paycheque to paycheque in a financially healthy way. What does this mean? Simply put, add savings as a top-line item in your budget, ahead of almost everything else with the exception of housing, utilities, bills, and food. Commit every dollar, every payday, to include saving for your emergency fund as well as your short and long term goals.
What are you saving for?
Saving is hard – saving with a purpose is easier. By creating a strong vision for the future, it’ll be easier to see the path that gets you there. It’s also important to celebrate your wins along the way. This will help you stay motivated and remind you of how far you’ve come!
Commit to it with pre-authorized debits
Pre-authorized debits work because you are committing yourself to saving in advance, transferring money before you even have a chance to spend it. Planning ahead means you don’t have to think about it. Once you’ve allocated your savings and paid your bills, you can live your life and spend what’s left without worry or guilt.
Pre-authorized debits only take a few minutes to set up. Choose how much to save and how often, and let SCU take care of the rest. Get started today from the comfort of your own home with SCU Direct, or call us at 1.800.728.6440.