While you’re beginning your reserve savings plan, identify other financial goals as well, with specific dollar amounts set along with a timeline to reach the goal. For example, you can identify a certain dollar amount for a down payment on a car or a home, anticipated home repairs, or major appliances. We recommend setting up a separate saving account for each of these goals to make measuring your progress easy. Give each account a title for your goal, then watch as your savings grow
GUIDANCE FOR AGES 18-30: Building Reserves – Make Savings Goals
May 13, 2017