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Easy way to save big in 2020

Posted at 1:54 PM, Jan 16, 2020
and last updated 2020-01-16 15:54:12-05

A new report from the JP Morgan Chase Institute found that families need roughly six weeks of take-home income to weather typical income and expense swings throughout the year.

65 percent of families lack a sufficient cash buffer to do so and most Americans don’t have $400 saved to cover an emergency. With January marking the start of a new year and many consumers thinking about financial health resolutions, Chase Bank may have the perfect solution for you.

Create a repeating transfer from your Chase checking account to your Chase savings account. As life happens, you can adjust your plan as often as you like. Sit back and let it grow. After you choose the amount and timing of your transfers, you're all set. You're officially starting to pay yourself first—and monitoring your progress is simple through your savings dashboard. Click here for more information.