3 Easy Ways to Add to Your Savings This Summer

Saving money is often easier said than done, especially in the summer months when our schedules and expenses tend to shift into “fun mode."

If you're trying to save more this summer, Wright-Patt Credit Union® (WPCU®) wants to help! Having a solid savings foundation helps you weather financial storms with less stress so you can reach your long-term financial goals.

So, how do you get started? We have three tips to help you add to your savings this summer:

1. Set a Savings Goal

   First, it's important to decide what you're saving for, whether it's a starter $1,000 emergency fund, a vacation or a big purchase like a car or home down payment. Setting a clear goal will help you stay focused and disciplined. 

   Once you have a goal in mind, determine how much you need to save in total. Then, break that number into manageable chunks to save monthly or weekly throughout the summer. It's a good idea to open a secondary share account to keep these funds separate from your everyday checking and savings accounts.

2. Pay Yourself First

   One of the best savings “hacks" is to pay yourself first. This simply means to add to your savings right away when you receive your paycheck, before paying bills and making other purchases.

   Instead of waiting until the end of the month to set aside whatever is left, you know exactly how much you'll save upfront. With this mindset, saving is not an afterthought; it's a mandatory “expense!"

   To make paying yourself even easier, set up automatic transfers to your secondary savings account on paydays, or on a monthly or weekly basis. It's easy to schedule recurring transfers using WPCU's Mobile or Online Banking.

3. Save Your Spare Change

   Summer can lead to increased spending on travel, dining out, entertainment, kids' activities and more. What if you could contribute to your savings while you spend money?

   With WPCU's EasySaver® round-up account, it couldn't be easier to add to your savings with every purchase. When you sign up for EasySaver, every purchase you make with your WPCU debit card will be rounded up to the nearest dollar and deposited into your EasySaver account^. Think of it like a digital piggy bank, putting your “spare change" to good use.

   To help you reach your savings goals, WPCU will match 50% of your round ups within your first 30 days in the program — plus a 5% match each quarter after. You can earn up to $300 a year!

   Quick tip: Add your WPCU debit card to your mobile wallet to make checkout safe, fast and easy!

What's Your Summer Savings Goal?

As your caring financial partner, WPCU is always here to help you Save Better for what matters most. Explore our savings account options or visit your nearest Member Center to talk with a Financial Coach about your summer savings goal — we'd love to help you reach it!