MODULE 3
4. Using Your Savings Tracker
In this video, I’ll show you how to use the savings tracker on page 11 of your workbook:
Time to Achieve
Use page 11 in your workbook to come up with a strategy for your savings. This savings tracker can be used for all of your savings goals, so don’t be afraid to save several different PDF’s.
First, do your research. How much will it realistically cost to meet your goal? If you’re planning a trip, don’t forget to take into account all of your airfare, food, tips, lodging, souvenir, and activity expenses. Write down how much you’ll need to save at the top of the page.
On a weekly basis, challenge yourself to see how much you can save. Check your goal box if you were successful, and keep track of your progress in the balance column.
Now you should have set yourself up with a good bank, started a high yield savings account, created goals and have a plan to meet all of them. In the next module, you’ll explore ways to increase your income.