Q&A with Jayshree – GYG $100 winner, April
Posted by marketing on June 10, 2009 · Leave a Comment
Jayshree Jain is GYG's $100 winner for April. She says direct deposit helps her reach her savings goal.
What are you saving for?
I am saving for my kids, my parents, and my family’s future (and of course, any emergencies we may have along the way).
I am a teacher so I’m also saving for classroom supplies. I want my students to get the most out of their projects without having to worry about whether they can afford school supplies. (In fact, I love the Save 4 Your School challenge! It could really help teachers like me!)
What steps are you taking to save each month?
I have automatic transfers set up for several of my Tech CU accounts. As soon as my paycheck is deposited, these funds are automatically transferred to my various accounts, such as ‘Grow Your Green,’ Insured Investment and other savings and checking accounts.
What’s great about this is that you have complete control with what you want deposited in each account. For example, you can have $50 of your paycheck directed to your ‘Grow Your Green’ savings account, and $100 directed to one of your other savings accounts. It’s all up to you.
What is your biggest obstacle when you’re trying to keep a consistent savings plan?
If an emergency or an unexpected expense comes up, that can really sidetrack me. But the good news is that’s what a savings account is for—so you have money for a rainy day or two, when you most need it (although I’d rather spend my savings on a vacation!).
Has the current economy affected your savings plan at all?
Fortunately, I have not been affected by the economy.
Do you have any savings tips for other ‘Grow Your Green’ savers?
If you set up automatic transfers through Online Banking so that your funds are automatically transferred from your checking account to your savings accounts, you will hardly notice that you’re putting away some money each month. Before you know it, you’ll have reached your savings goal! It’s a psychological thing—when you don’t see the money in your checking account, you’re less likely to spend it. I know this little trick has helped me. Try it to ‘grow your green!’
