Personal Finance
Savings Goal
Your goal
High-yield savings pays 4 to 5%, CDs 3 to 5%, conservative investments 6 to 8%.
Good to know
- Automate transfers so saving happens before spending.
- Keep the money in a high-yield savings account.
- Save windfalls such as tax refunds or bonuses.
- Track expenses for a month to find room to cut back.
- Round up purchases and save the difference.
- Review and adjust the goal every quarter.