One technique for establishing a sizable savings balance is to:
A) follow the "pay yourself last" approach.
B) have a predetermined amount from each paycheck automatically deposited into your savings account.
C) invest in one specific financial security rather than investing in a diversified financial portfolio.
D) use traditional banks instead of online savings banks because they typically pay higher rates of interest.

Question

Quizplus · Accepted Answer

Automatically depositing a predetermined amount from each paycheck into a savings account ensures consistent savings and helps build a sizable balance over time.

One Technique for Establishing a Sizable Savings Balance Is To