Did you set up your automated saving deposits from your paycheck?
The next step is to automated your other savings goal. What do you want to accomplish / have in your life? Maybe your are saving for a home, car, saving to pay for college, retirement. The choice is yours. You need a plan to achieve your goals.
Set up a smart goal – specific, measurable, attainable, relevant and timely. For example, I want to save $20,000 for the down payment of a new home by 2025. Breaking that down, that’s $20K in 4 years or $5K a year or $96.15 per week. Break it down into small manageable steps so it’s not overwhelming. Set up a automatic transfer for the amount you need. Then sit back and watch your savings grow to realize your goal.
Just like you automated your savings yesterday, automate the finance part of your long term goals. I would suggest that you have a separate savings account for each of your goal, that way you can measure your progress and know exactly where you stand at all times.
It’s that simple to start on a path to achieve your goals.
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