Hello everyone! Today we're going to talk about financial goals and how to achieve them
There are three types of different financial goals: short, medium and long term. And there are different ways to achieve them successfully.
A short term goal, such as buying a car, can be accomplised through the use of systematic saving
Systematic saving is the setting aside of a set amount of your paycheck every week
If you're saving for a used 2003 Honda Civic for $4395 and you make $7.50 an hour, and you work 35 hours a week. And if you set aside half of your paycheck it would take around 33 weeks to save up for your car!
A medium term goal might be saving for college
Through the use of a savings account one can save money and also make back some interest.
A Barclay's Online savings account has a .9% interest rate. Opening an account with this bank will help your money grow faster
A Barclay's online savings account .9% interest rate. An account with this bank will help your money grow faster