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5 minutes setting up automatic transfers on my phone made saving money completely painless a?? and borderline fun

5 minutes setting up automatic transfers on my phone made saving money completely painless a?? and borderline fun
Juan Miguel Caballero / EyeEm / Getty Images



To get the most value from my high-yield savings account, I set up automatic deposits twice per month.




Automatic deposits keep my balance growing effortlessly, encourage me to save more, make saving painless, and sweep money into an account where it can grow with more interest.




Automatic deposits took about five minutes to set up on my phone. Since doing it, I've seen my balance grow while putting less effort into my saving.




See Business Insider's picks for the best high-yield savings accounts »



While I'm great at cutting costs and saving money, I'm not always the best at stashing the money away.
I've got big money goals, and I'm currently saving for a down payment on a house. While I think about this goal often, remembering to actually make deposits into my preferred savings spot, a high-yield savings account, isn't always high on my list.
So, I did something that changed how I save: I automated deposits from my checking account into my high-yield savings account. It's easy — I logged into my bank's app on my phone and instructed it to automatically transfer the same amount of money from checking to savings after every payday.
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