A group of friends and I were planning on saving up together to buy some land. The primary way we wanted to do this was to put 10% of each paycheck into an account. Not all of us need to have access to the account, but we want to keep the money out of our own private hands so it is easier to not spend.
I was wondering if anyone knew of any especially good ways to do this. Specifically my banker suggested a certificate of deposit, but it is not exactly the steady stream of savings we are looking for. This is for about 12 people.
Another concern is convenience. Taking out a check and then depositing it every paycheck is a bit tedious. If it is the only way, that's fine, but I was wondering if there are alternatives?
Thanks in advance, this is kind of a niche question so I've had trouble finding my own answers.
Submitted January 06, 2017 at 10:47PM by Quandiverous http://ift.tt/2j0NYF8
