Percapita

Put that Away!

Tips & strategies for successful saving

Put that Away!
Saving Your Way
Emergency Savings

We all know that feeling...

You’re finally managing to stay on top of your bills, buying groceries, filling up your tank, and even treating yourself to a nice coffee or some weekend fun, and suddenly one of your tires decides to be flat.😩

Coming up with the 💰💰💰 to patch or replace the tire is hard enough, but then, of course, they recommend changing all four tires, not just the flat one. Four new tires plus installation often costs over $500! These struggles are so relatable and so real 💯

So let’s get into some ways to make these unpredictable emergencies a bit less stressful.

Rainy Day Savings “Moves”
  • Set a Rainy-Day Savings GoalDecide how much money you might need for an emergency like this. Is it a round number like $500 or is it a variable number like 3 months of income? Once you decide what amount, you can come up with a plan to reach that goal.
  • Break It DownBig goals can seem overwhelming, so it's helpful to break them into smaller, more manageable parts. For example, if you want to save $1,000, you can start by saving $20 at a time. Take the total goal amount and divide it by that smaller amount to see how long it will take you to reach your goal.
  • Track Your ProgressKeep track of how much money you save each month. Seeing your progress will encourage you to keep going. By saving it in your Percapita Goals Account you can see every deposit and watch it grow!
  • When to Use Rainy Day MoneyWrite down a few examples of when you can use these funds, such as a flat tire or a broken phone. Also think about what reasons that you do not want to take money out of your rainy-day savings, so you aren’t tempted to do so in the heat of the moment. This can help you stick to your plan!
Saving Your Way
Emergency Savings
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