What are some saving goals to remember?

1. What is the total amount of I want to save?

2. What is the time frame or how long do I want to save?

What are short-term goals?

• Short-term goals are goals or certain things you want to achieve that takes less than a year to complete

  • Examples

    • Saving money for more painting items

    • Saving money for a phone

What are long-term goals?

• Long-term goals are goals or certain things you want to achieve that take more than a year to complete

  • Examples

    • Saving money for retirement

    • Saving money for a house

Tips

• When handling your budget, make sure to save realistically and make sure your net income(income you take home) or gross income(income you earned before tax deductions) is 8% higher than your total payments.