How To Save For A Down Payment, Without Breaking A Sweat!

Let’s face it, saving money each month can be a challenge. For some people, the thought of saving money for a down payment on a car or home can seem impossible – but it doesn’t have to be that way! Working towards financial goals may involve some sacrifices (like having to brew coffee at home vs. going to your favorite coffee shop) but it doesn’t have to be painful. Read on to learn how you can save for a down payment, emergency fund or add to your retirement in just one year without breaking a sweat.

  1. Set Your Goal

People who set a money savings goal save faster than those who don’t! So, if you really want to get that new car or save enough for a down payment on your dream home, start by naming your goal. Then create a monthly budget to work out how much you can save each month.

  1. Automate Your Savings

Wouldn’t it be nice to never have to think about saving money each month? You can when you automate your savings. After you’ve created a budget and a savings goal, change your direct deposit to put some of your paycheck directly into your savings account.

Automating your savings will also help you reach your savings goal faster. By having a set amount deposited into your savings account automatically, you can avoid the temptation to use it for other purchases.

  1. Open A Performance Saver Account

What if the money you put away each month could help you earn even more money? With a Performance Saver account from ACU it can! This special savings account offers a higher dividend rate over traditional savings accounts meaning your money will grow faster. Just make the minimum deposit of $10 per month for 12 months. Ready to get started? Click to apply online today or give us a call at 253-964-3113.


At ACU, we want to help you reach your savings goals! Whatever you may be saving up to purchase, we will help you get there step by step. Stop by a local branch to learn more or contact us today.

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