- Make savings goals specific instead of vague
- Set both a dollar amount and date
- Post your goals as a reminder
ROANOKE – Many of us set a vague goal to save money, never saying how much we want to save.
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To be successful, you need to set a specific target.
"Articulate what your goals are and being specific with them. For example, there's a difference in saying i'd like to save more this year and saying I want to save $700 by August 1st for a family vacation. Getting specific and putting a time frame on things, that can help it look less intimidating too."
Courtney Campbell, Financial Education Manager with Freedom First Credit Union.
Campbell also says it is a good idea to post your goal in a place where you can see it every day, like on the mirror in your bathroom, by your cellphone charger, or by the front door.
Let that sign serve as a daily reminder to stay on track and to avoid temptations to spend on things you do not really need.