Last week we gave you some valuable tidbits about why saving money is a significant part of your financial well-being. So if you’re not already saving, hopefully our last post gave you a good reason to start. Today we’ll begin looking at ways to save.


The first step is to identify some goals concerning what you hope and plan to achieve when it comes to saving money. Some goals may be short term lasting for only a week, month or a year. These might include saving money for things such as a down payment for a car, a new set of tires or a vacation. Some goals may be more long term like saving for yours or your child’s college education or buying a house. Whatever the case may be, goals give you something to work toward.

In an effort to be successful, your goals should be SMART:

Specific – exactly what you plan to do.

Measurable – you should be able to monitor your progress.

Agreed Upon – everyone involved agrees on what should be done.

Realistic – Something that is truly achievable.

Timed – Established beginning and ending dates.

Think about what you want to accomplish and set your ‘smart’ goals. Be sure to write them down and review them regularly to make sure you stay on track. As you accomplish your goals, don’t forget to pat yourself on the back for a job well done!

Next week we’ll talk more about ways you save money and hopefully help you reach your goals. So stay tuned for more Your Money & You!