Get Money Smart with Mel.
A savings plan is a great way to reach your financial goals. Check out Mel’s quick & helpful savings tips – because without a savings plan, it’s unlikely any saving will happen!
- Choose a savings goal & write it down – this could be for Christmas presents or a holiday. Then decide the total amount you need to save.
- Set a realistic deadline – when do you want to achieve this savings goal?
- Map out your goal – how long do you have to achieve it? How much do you need to save each week to reach your goal by the deadline you set?
- Break your goal down – creating smaller targets that you know you can reach is important. Tick them off as you reach them. This will help keep you on track – & it’s motivating!
- Once you hit your total target start spending on your savings goal! Enjoy yourself as you’ve earned it!
Article written by Accountant Melanie Pitzer.