My preferred auto saving method is to set up a direct deposit with my employer that automatically splits off part of my paycheck into a high-interest online savings account. It does take some time to bring money back out of an online account if I accidentally save too much, which forces me to be a little more conservative than I would with a system like Simple's. But having a firewall between my savings and checking can also be a good thing if I'm ever tempted to blow my savings on something frivolous. Millions lack emergency savings Speaking of savings, lots of Americans don't have any. A new Bankrate poll out this week finds that more than a quarter of Americans don't have any kind of emergency savings -- at all. When you add to that the percentage of Americans who have some savings but less than 3 months' worth, you're talking about nearly half the American public not having enough savings to deal with being out of a job for 3 months. I really hope those numbers improve before the next recession, or we're going to be looking at a lot of financial hardship when employers start making cuts.
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