100: Automate savings for specific goals

So that they really happen


Define your savings goals (amount and deadline) (101) emergency fund, downpayment for new house, retirement, vacations, college savings, gifts, career-investment conferences, etc.
Turn each goal into a monthly saving schedule (102) (amount divided by months-until-deadline)
Review current cash flows, decide where flow for savings will come from. Adjust budgets. (103)
Set up Savings sub-account for each goal. (104)
Set up monthly transfers from Checking to each appropriate Savings goal-account. (105)

Public Notes/Forum



Article John Ameriks
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