Q&A with Jayshree – GYG $100 winner, April
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!’
And the winner is…
Jayshree Jain of Los Altos is the winner of GYG's monthly $100 prize for the month of April.
Congratulations to Jayshree Jain of Los Altos!!
Jayshree is the lucky winner of the ‘Grow Your Green’ monthly drawing for April. As the winner, and we’re depositing $100 into her GYG Savings Challenge account! Her name was drawn from a list of ‘Grow Your Green’ Savings Challenge accounts that were opened between March 15 and April 30, and had increased by $25 by the end of April.
You could win too!
All you have to do is commit to saving $25 in your account each month and register a valid e-mail here and you’ll be automatically entered into the drawing. We’ll pick one winner during the first week of the month to receive a $100 cash prize! (For rules and details, click here.)
If you think $100 is a lot of money… become the 2009 Super Saver and win $1,000!
On Tuesday, December 15, 2009, we will pick our 2009 Super Saver with the help of our Grow Your Green community—someone who has been actively saving and participating in the community—and that person will win $1,000 toward their savings goal.
We want to hear from you!
So start blogging, commenting and sharing your stories here on ‘Grow Your Green’! Who knows? You could be the next $100 winner. Maybe even win the Super Saver Grand Prize of $1,000!
