Automate your savings
This builds financial security and reduces stress.
What You'll Do
Set up an automatic savings transfer to your account today.
Scientific Basis
Implementing automatic savings increased median retirement contributions by 36%, improving mood through enhanced future security.
Thaler, R. H., & Benartzi, S. (2004). Save More Tomorrow™: Using behavioral economics to increase employee saving. Journal of Political Economy, 112(S1), S164-S187.The Science of Impact
Increased savings rates can lead to enhanced financial stability, reducing stress related to financial insecurity.
A 36% increase in retirement contributions can significantly improve long-term financial outcomes for individuals.
Improved financial security is associated with better mental health and overall wellbeing.
Pro Tips
Enroll in a savings program that automatically increases contributions annually.
Set a specific savings goal and review it quarterly to stay on track.
Consider increasing your savings rate by 1% each year to build a habit.