I read an interesting article in the news that made me look at savings in a different way.
lhttp://www.deseretnews.com/article/865618681/Bucket-list-budgeting-How-to-squirrel-away-money-for-fun-things.html
I have always been a saver. I like the security, say when for a year you need to use a part of your savings every month just to get by. (Cough cough)
Anyway, I realized savings with out a goal for that savings can be hard. What's the point? That is reason I love to save- my goals. Perhaps it is not a trip to Italy, but my goals are a nice emergency savings, retirement, and owning a home.
Things like retirement can be very far away. In the article, it talks about saving for short term goals (within 5 years) as well. For example, my 5 year financial bucket list includes a nice trip, new(er) car, and a large down payment on a house. That is why I am so excited this year about savings! Our emergency fund is back up where we want it to be so every penny we save from here on out goes to fulfilling our financial dreams.
What kind of things do you want to save for? How do you plan on increasing your savings?
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