As the saying goes: pay yourself first. Easier said than done. Well, with the Paycheck Split Routine, consider it done. Set a fixed amount or a percentage of each paycheck to automatically move to a Plan of your choosing.

Paycheck Split Routine

This is a pretty straightforward Routine: your paycheck comes in and a portion automatically moves to your savings. You set the amount and which Plan it goes to.

Before you start, you’ll want to have a Plan created to which you intend to send the funds. If you haven’t done that yet, you can do so in your Plans dashboard. For many, this would be an emergency fund, saving for a major purchase, or maybe a vacation. If you don’t have an emergency fund, we recommend you start there.

How to set up this Routine:

1. Click ‘Try this Routine’.
2. Select the account to which the funds will be deposited (the trigger will be pre-populated when you activate this Routine).
3. Select the distribution type – you can choose an amount based on percentage or dollar amount.
4. Set the amount (i.e. 30% or $300, depending on the distribution type you selected).
5. Save your Routine and wait for payday!

Pro tip:
You can build multiple Routines (up to 10), so duplicate this Routine for as many Plans as you want to auto-save into so that your entire paycheck is getting to work, safe from your regular spending and withdrawals in an interest-earning Plan. Send some funds to your emergency fund, some to that Plan for a new couch, and whatever else you’re saving for. You can edit or pause each Routine at any time if your savings goals change.