The Advantages of Direct Deposit

No matter what your savings goal, if your employer offers direct deposit or payroll allocation, take advantage of it. Not only will it save you time from having to take your check to your financial institution every payday, but it makes saving money a lot easier.

If you allocate part of your check to go to a savings or money market account each time you get paid, then you won't be tempted to skip a deposit and get off track when it comes to your financial goals.