Automated payments so saving becomes second nature, helping workers to build their rainy day funds and reach their goals
Savings set aside at the start of every pay cycle.
Ability to establish a savings habit and grow from there.
Savings don’t touch spending accounts, so there’s less temptation to spend.
Saving is crucial to securing financial wellbeing. But saving money is hard and there are many behavioural reasons that explain why. Automating the process and reducing temptation to spend are the building blocks of a solid savings habit.
Many of us feel disconnected from our future selves, so we aren’t motivated to save for them. Setting clear goals and timelines in which these goals will be reached is proven to increase connection to saving and ultimately how much is saved.