1. A habit is “an acquired behavior pattern regularly followed until it has become almost involuntary.” By creating good savings habits as a teenager, you’ll have the tendency to carry forward the same good savings habits into adulthood. Saving Strategies

2. Direct Deposit Electronic funds that are deposited directly into your bank account rather than through a paper check Why would this be a good idea? Convenient Secure Reliable Allows for automatic savings Other reasons?

3. Direct Deposit Setup Setting up a direct deposit is easy! Choose the account(s) where your pay will be deposited. Tip: Split your pay among multiple accounts to save instantly!

4. Pay Yourself First Automatically route your savings contribution from each paycheck at the time it is received (through direct deposit or transfer). Make yourself and your savings the top priority! On payday, have money deposited right into your savings and never miss out on the opportunity.

5. The “Latte Factor” David Bach recommends looking at the small things you spend money on every day to see whether you could redirect that spending to savings. What do you spend money on each day? For example, how much could you save by making your own coffee at home each day?

6. Summary Take advantage of direct deposit Pay yourself first Find your own “Latte Factor” and save