Spring Forward… Money Management Tips – Day 9

March 28, 2012 Family Resource Management

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