The word “savings” initiates a wide range of responses from individuals. Some might think of savings as a passport or roadmap to their future or being more prepared for life’s hiccups. Youth may hear the word savings and wonder what that really means for them; while others may think about savings and feel anxiety or […]
Saving for Major Money Milestones
A money milestone is sometimes called a long-term goal or age related financial goal. They are targets to achieve by a certain age or stage in life. For instance, buying a home in your 30s or saving a certain amount of money by your 40s. These milestones can guide you to your goals and ensure […]
Saving for the Unexpected
Have you ever experienced an unexpected expense such as a car repair, an unplanned visit to the doctor or dentist or replacing a broken appliance? I know that I have. According to a 2017 Federal Reserve report, when faced with a hypothetical emergency expense of only $400, 4 in 10 adults stated they were unable […]
