Lesson 4: Saving for Your Goals - Checklist

Goal Identification

Brainstorm all potential saving goals (short, medium, and long-term)

Prioritize goals based on personal importance

Assign specific target amounts to each goal

Set target dates for achieving each goal

Calculate required monthly savings for each goal

Research appropriate savings vehicles for each goal timeframe

Open separate accounts for different goals (or use “pots” feature)

Name accounts based on specific goals for motivation

Set up automatic transfers on payday

Establish rules for handling windfalls

Identify potential areas to reduce expenses

Create plan for saving raises and bonuses

Set up round-up tools for everyday transactions

Research cashback opportunities for regular spending

Consider temporary side hustles for specific goals

Add friction to accessing goal-specific savings

Create visual trackers for each savings goal

Plan milestone celebrations to maintain motivation

Establish rules for when goals can be modified

Set up regular progress reviews