Name/ID | Why/Desc/Context |
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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) |
Member | Note | Posted |
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Type | Name | Description | Price |
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Article | John Ameriks Does the 4% rule hold up? |
Note that the '4% rule' implies that your liquid savings at retirement be 25x your target annual spending. | $0 |
Book | Chilton, David Wealthy Barber Chapter 8 |
$9 | |
Book | Sethi, Ramit I Will Teach You To Be Rich Chapters 4, 5 |
$11 | |
WebApp | DinkyTown DinkyTown Savings Calculators |
Show the benefit of increasing your savings. | $0 |
WebApp | Planwise Planwise |
Allows you to see and understand the impact of current and future financial decisions. | $0 |