From Yahoo Finance: 2025-05-24 19:01:00

If you’re looking to save money for various goals, having a savings plan can help you reach them without feeling overwhelmed. Being specific about your goal and timeline, doing the math to determine your savings target, and setting up automatic transfers to a separate account can all contribute to your success.

According to the Federal Reserve, 30% of adults in the US cannot cover three months of expenses. Having a clear savings plan is crucial to afford future expenses and provide financial security during unforeseen circumstances. By following steps like setting goals, tracking progress, and seeking help from a financial advisor, you can ensure a stable financial future.



Read more at Yahoo Finance: How To Create and Execute a Savings Plan