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As the second decade of the millennium comes to an end, many people will trade their end-of-year goals for New Year’s resolutions. One worthwhile aim is to increase your savings account. If you’re hoping to add to your savings this year, here are three tips to get started.

3 Tips for Building Savings

1. Establish a Goal

Saving money is a fairly vague resolution, which can make it harder to visualize your success. By establishing goals for your savings, you’ll have much more of an incentive. Whether you want to own your car outright, renovate your kitchen, or take a week off work for a vacation, it helps to know what you’re saving your money for.

2. Set Up Automatic Transfers

savings accountYou can set up automatic transfers, which take a percentage out of every direct deposit paycheck and instantly put it in your savings. This eliminates the hassle of continually making manual transfers. Before you know it, you’ll have saved up without lifting a finger.

3. Sell Unused Items

With spring cleaning on the horizon, this tip will work well towards your New Year’s resolution. As you sift through your attic, basement, or garage, look for items that you no longer want. Whether you sell vintage clothing to a consignment store, post old tech gear on eBay, or hold a garage sale, put that money into your savings account. 

 

If you’re hoping to open a savings account and get started with these tips, head to Talbot State Bank in Woodland and Fayetteville, GA. Since 1906, this trusted, locally owned and operated bank has made a name for themselves in the community, offering services to commercial clients and individuals in Talbot County, as well as Fayette County and the surrounding areas. To learn more about their checking and savings account options, visit their website. You can also call (770) 692-0900 to speak with a representative.

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