Recent survey results from BankRate.com reveal that 28 percent of Americans have absolutely no emergency savings. This is an alarming statistic, especially in this day and age of increased lay-offs and reduced jobs. Bank Rate also reports that about 49 percent of Americans don’t even have enough money saved to cover three months of expenses – The economy is very stagnant right now, so it’s difficult for people to make significant gains on savings when everyday household expenses are creeping higher but incomes are not. “Prolonged unemployment has also depleted the savings of many people who at one time had a more appropriate cushion. The biggest barrier to saving is not being in the habit of saving,” says Greg McBride, senior financial analyst for Bankrate.com. “By establishing that habit, even if an unplanned expense comes up and wipes out what you’ve accumulated, you’re only one paycheck away from restarting the saving process.”
Everyone knows they need to have a savings plan, but the discipline of saving regularly can be challenging. If you are looking for a new way to save without the time and effort of managing your account the convenient Centier Round Up Savings Program is the answer. Round Up Savings is a no-cost savings plan that combines your checking account, savings account and your Visa® Debit Card. Every time you use your debit card to make a purchase, we’ll “Round Up” your purchase to the next whole dollar amount. The amount in excess of your purchase price is transferred from your checking account to your Round Up Savings account.
Watching your money grow has never been easier. Centier clients have saved over $2,704,593 dollars since the program started in mid-2010! To sign up for Round Up Savings, please click here and start heading down the savings trail today!