Automatically transferring a small amount of money
into a basic savings account every month is the easiest and most
effective way for low- to moderate-income individuals to save money,
according to a recent report by the Consumer Federation of America (CFA).
so very important to build up savings, even if it’s just couple
hundred, and park it for emergencies,” said Stephen Brobeck, executive
director of the CFA, and author of the report, “Savings Accounts: Their Characteristics and Usefullness.”