Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Savings Accounts and other Financial Planning topics.
Sometimes it's difficult to get motivated to save. After all, there are so many fun toys and gadgets to buy, so many vacations to take, and so many dinners to enjoy--why should you set aside money in a savings account and miss out on these fun things? These distractions can make gathering the discipline to save hard to muster. But there's a sneaky little trick you can play on yourself to help get motivated, and that is to use a savings account calculator.
A savings account calculator will show you how much your money can grow if you have the discipline to actually save it. Sometimes just having that hard number in print in front of you will really show you the benefit of saving and can make the difference between saving and not saving.
There are many savings account calculators that you can find online. Once you compare savings account rates, you know what return to put into the online calculator and you can compare how your money will grow depending on the account that you choose.