Not a moment too soon, new research from the University of Pennsylvania’s Wharton School found a simple but effective behavioral nudge can help you do just that. Sometimes, all it takes to increase your savings account balance is a well-timed reminder.
“One of the biggest barriers to behavior change is simply that these tasks are not top of mind. We forget to move money from checking to savings, or we put it off until tomorrow,” Katy Milkman, lead author of the Wharton study, said in a news release. “But when these are important decisions, forgetting can have real consequences.”