Turn a Goal Into a Monthly Number

Break a large savings goal into a smaller amount you can actually plan for.

Step 1

Start with the amount you want, subtract anything you have already saved, then divide the remainder by the number of months until your goal date.

Step 2

If the monthly number feels too high, you can change the goal date, lower the target, or look for places to free up money.

Step 3

A plan you can repeat is more useful than an aggressive target you abandon.

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