For most people, it’s easy to come up with a long list of stuff you like, or stuff you’d like to do, that requires cash. Sometimes, that stuff requires more cash than you might have on hand — which is when it’s time to figure out what you’re going to have to spend to reach your goals and get started saving.
But saving for a big goal — whether it’s your first car, your first year of college or a school trip you just can’t miss — can be a little tricky. You set money aside, but without a plan, it can feel like you’re not making much progress, especially if you’re working towards a large goal.
Never fear, we’re here to help. If you’re trying to save for something specific, check out the calculator below. Let us know how much you need, how much interest you’ll earn on what you set aside, and we’ll tell you how much you need to set aside each month (or year, if we’re talking long term) to make it happen.
So what are you waiting for? Do the math now!