SARASOTA, FL--(Marketwire - Mar 13, 2013) - According to tradition, four leaf clovers bring good luck to their finders, especially if found accidentally. However, instead of relying on luck in managing your expenses during this year's St. Patrick's Day celebrations and throughout the year, BMO Harris Bank has some tried and tested advice that will give you better results.
Regularly deposit into a savings account - An automatic monthly deposit from your checking account to your savings account is one of the easiest ways to save for a rainy day, plan for unexpected expenses, and big ticket purchases. Consider an IRA for retirement savings, and a money market account for your expanding nest egg.
Create a budget and stick to it - Keeping track of where you spend your hard earned money is the best way to make sure you don't overspend. Don't know how to start? There are many software products available to help. The Internet can direct you too, search "personal budgeting."
Small changes can really add up - Did you know that if you bring your lunch to work four days a week instead of eating out, over your working career you could save as much as $60,000?* Even cutting back on that $4 latte a couple of times each week will save you hundreds of dollars per year.
"Every consumer should take time to talk with a banker or financial professional about how to better ensure their financial success," said Dave Maraman, BMO Harris Bank Florida President. "Your personal finances are too important to hope that you're just lucky."
For more money-saving tips visit helpful steps.
About BMO Harris Bank
BMO Harris Bank provides a broad range of personal banking products and solutions through over 600 branches and approximately 1,300 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona and Florida. BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. For more information about BMO Harris Bank, go to the company fact sheet. Deposit and loan products and services provided by BMO Harris Bank N.A. Member FDIC. BMO Harris Bank(SM) is a trade name used by BMO Harris Bank N.A. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with approximately 1,600 branches, and approximately $525 billion in assets (as of Oct. 31, 2012).
*Calculation based on $7.50 per day, 48 weeks per year, over 40 years.