Do you want to save more, but are having a hard time getting started? Put yourself on a payment plan! Start by identifying what you are saving for. Specify the amount and how long you are willing to wait for that item.
GOAL: Emergency Savings of $300
TIME: 10 months
MONTHLY PAYMENT: $30 each month or $15 each payday (300 / 10)
Are you saving for holiday
purchases? Now is the time to get started if you haven't already.
GOAL: Holiday Spending (gifts, food, travel, decorations etc) $500
TIME: 7 Months
MONTHLY PAYMENT: $71.43 (500 / 7)
Savings goals with timeframes allow you to break them down into attainable steps. Try it for your goals!