Reach Goals Faster

Post date: August 21, 2023 9:45 AM

How to Use Automation to Reach Your Savings Goals Faster

In today's fast-paced world, achieving financial goals has become more challenging than ever before. From unexpected expenses to tempting indulgences, staying on track with your savings objectives can be quite a struggle. However, the advent of automation has introduced a powerful tool to help you conquer these challenges and reach your savings goals faster than you thought possible. In this blog post, I will delve into the ins and outs of using automation to supercharge your savings journey. 

Before diving into automation, it's essential to define your savings goals. Whether it's building an emergency fund, saving for a dream vacation, or planning for retirement, having a clear target in mind will help you determine how much you need to save and how automation can be tailored to your needs.

To effectively automate your savings, consider creating a separate savings account. This account will act as a designated repository for your savings, helping you to keep track of your progress easily. Many banks now offer customizable sub-accounts, making it convenient to allocate funds for various goals.

One of the most straightforward ways to ensure consistent saving is by setting up an automated direct deposit. Arrange for a portion of your paycheck to be directly transferred to your dedicated savings account. By automating this process, you'll be paying yourself first, treating savings as a non-negotiable expense.

Another effective method is to schedule regular transfers from your primary account to your savings account. This can be done weekly, bi-weekly, or monthly, based on your preference and pay schedule. By automating these transfers, you eliminate the temptation to spend that money elsewhere.

Round-up apps are ingenious tools that automatically round up your everyday purchases to the nearest dollar and transfer the spare change to your savings account. These small increments might seem insignificant, but over time, they can contribute significantly to your savings goals.

If your goals have a longer time horizon, consider automated investment platforms. These platforms can automatically invest your contributions into diversified portfolios, potentially earning higher returns compared to traditional savings accounts. However, remember that investments come with risk, so it's important to do thorough research or consult a financial advisor before proceeding.

Late payment fees can eat into your savings progress. By setting up automated bill payments, you ensure that your regular bills are paid on time, avoiding unnecessary penalties and freeing up mental space to focus on your financial goals.

While automation can do wonders, it's not a "set it and forget it" solution. Regularly review your automated processes to ensure they align with your changing financial situation and goals. Make adjustments as needed, whether it's increasing your contribution amount or redirecting funds to a different goal.

While automation can streamline your savings journey, it's crucial to remain mindful of your financial habits. Periodically assess your spending patterns and make conscious decisions to avoid overspending. Automation should complement your efforts, not replace your financial awareness.


Automation has transformed the way we approach savings goals, making the process more efficient and less prone to human error. By harnessing the power of automation to direct funds, invest, and manage bills, you can accelerate your progress toward achieving financial milestones. Remember, the key to successful automation is finding the right balance between letting technology work for you and staying actively engaged in your financial journey. With the right strategy, dedication, and a sprinkle of automation, you'll be well on your way to reaching your savings goals faster than you ever thought possible.

Curious about how automation can work for you? Book a Meeting with Me via Calendly!  

After watching his Netflix series, I read I Will Teach You to B Rich by Ramit Sethi and learned that I already implemented his automation techniques in my money management. Personal finance works best when it's automated and boring. Setting up automation may not be enough. You might need coaching to stay on track or to get out of a bad financial situation. Contact me to set up a free coaching evaluation. How can I help you?

Coach Jeff Wagner has been a licensed mortgage loan originator, a personal banker, and a certified tax preparer. Call or text Jeff at 805-874-2829.

His opinions are not to be taken as health, financial, or investment advice but as motivation to start or continue your path toward success.