Last Updated on February 23, 2021
5. The battle between “the money you have” vs. “the money you need to save” is real.
Do you know what is Roth IRA or IRA? It stands for Individual Retirement Account, and it’s something you should really consider getting if you still don’t have one. If you do have, place those numbers for your retirement-related goal. You need to bear in mind that all goals have to start from somewhere, and this means that some just don’t have current savings yet. So, if one of your short-term goals is to buy a house in 3 years and you need $20.000 for a down payment, you need to divide those $20.000 by 36 months. This way you know that every month you need to put aside $560 to reach that goal.
