Spring Forward… Money Management Tips – Day 9
Goals provide the motivation needed to reduce spending today to save for a secure tomorrow. Be specific with a date and dollar cost. An example is “save $8,000 for a used car in 4 years.” Knowing your timeline can help you choose appropriate places for your money (e.g., CDs for short-term goals and stocks for goals 5+ years away). For more information, see: http://bit.ly/fWpOBu.
For more information or to comment on this blog, contact:
- deborah.killam@maine.edu