Finances FYI Presented by JPMorgan Chase

Pre-saving money on payday instead of spending is a fantastic way to reach your savings goals and build an emergency fund.

Some people might call it “paying yourself first.” This means allocating money each pay cycle to a savings account to achieve future financial goals — not taking funds to splurge or spend.

Whether you’re saving to retire early, travel, buy a car, buy a house, or start a college fund, saving money first with each paycheck can help you reach your financial goals.

Follow these pre-saving tips to get started.

How to Set Savings Goals

As you start saving, build an emergency fund first that covers three to six months of living expenses or unexpected expenses, like replacing a major household appliance, making car repairs, or car

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