I created a car maintenance account for my daughter so she can handle her car maintenance needs. She paid cash for her car, but she sometimes need "things" for her car. So I setup a recurring deposit of $1.00 every day for one year, which would give her $365 a year for the upkeep of her car. At the end of the year, she can go and spruce up her car with the money and I start all over again. Pain free.
How to Save $1 A Day.
A lot of people have difficulties saving money for financial goals or a material goals, I found the simplest automatic solution at American Express Serve.
- Open an account at American Express Serve
- Schedule auto add
- Automatically add $1.00
- From: Your bank or brokerage account
- Frequency: Daily
- Start Date: Today
- End Date: 1 Year from Today.
- Open a Sub-Account for your Child or Another person
- Transfer that $365 into the Sub-Account at the end of the year.
(you can open as many sub-accounts as you want)
The card comes with free road side assistance and other discounts.
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