What is the benefit of automating your savings account contributions?

Question

A.
You can change the amount you deposit each month.
B.
The fees are relatively small to enroll in this service.
C.
Your money will be transferred automatically and guarantees you will be contributing to your savings.
D.
Your employer will contribute additional money to your savings account if you enroll in this service.

Submit

Answer 1

The correct answer is:

C. Your money will be transferred automatically and guarantees you will be contributing to your savings.

Automating your savings contributions ensures that you consistently save money without having to remember to do it each month, which helps you reach your financial goals more effectively.