Spring Forward… Money Management Tips – Day 12

To calculate how much you need to save to achieve a financial goal, divide the amount you need to save by the time (e.g., number of months) you have left to save.  If, for example, you want to save $5,000 by next year, you’ll need to put aside $416.67 ($5,000 divided by 12) a month, or $96.15 ($5,000 divided by 52) a week. Become an American Saver at http://bit.ly/gliVkL.

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  • deborah.killam@maine.edu