What do I mean by automatic saving? Automatic savings is a type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their account. The typical structure of this type is an automatic transfer from an individual's bank account into a savings or investment account.
Usually this is done by some people using the method of opening a child's account, the target is that the money stored in savings is not used when at any time you need money. This kind of savings system is more about targeting long-term savings for the future needs of children, both for education costs and for the cost of dividing the inheritance of the assets we have. My parents used to use this method to deal with financial problems and we will be given access to take the money when entering the final level of education in college.
Saving money isn't something easy, it comes with determination and self-discipline but with automatic saving one can easily set his/her saving amount at interval.
If there is no balance between income and expenditure, saving is difficult to do because monthly needs are far greater than daily expenses and other monthly needs. Discipline in saving also depends on how the flow of income and expenses can be slightly balanced or at least the income is slightly greater than the expenditure needs. If not, saving is a difficult thing to do because the salary we get is far less than our daily expenses and other monthly needs.
Optimization is very much needed in living a more efficient life and prioritizing according to the necessary needs, not being forced as a non-urgent need to buy any time. In the past, we often heard a saying, that saving is the source of wealth.