6 Ways to Ensure Your Savings Success
You already know saving for emergencies and short-term goals should play a critical role in your household finances. Sometimes, though, knowing something does not equate to doing something.
The following hacks can both simplify the savings process and increase your chances of successfully reaching your savings goals:
- Calculate how much you need (use our free Calculator)
- Allocate how much you need to save for each goal from each paycheck
- Open a separate savings account for each specific goal
- Set up automatic transfers into your savings accounts
- Coordinate your savings goals with a spouse or partner
- Celebrate your savings achievements in fun but affordable ways
Additional resource: Money Fit’s Ultimate Savings Guide
