From the course: Personal Finance Tips and Tricks

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Tips for first-time savings goals

Tips for first-time savings goals

- For many of us, saving money is not something that comes naturally. Sure we keep meaning to start the emergency fund and pay off our credit card debt, but those intentions always seem to get pushed off for one more day. If you're someone who has struggled to meet those should goals, you may need to start with a different lesson, in order to change your behavior. In this video, we'll cover some tips to help you build your savings muscle, by setting an achievable and rewarding goal. The first tip is to start small. Set yourself up for success by choosing a goal that's relatively easy to accomplish. Accomplishing a task helps us build confidence and want to take on more. Too often, people fail to save because they choose enormous, vague goals. This doesn't mean those big goals aren't important, but with a goal like retirement, for example, we're either not sure how to start, or it seems like waiting one more day can't hurt. When we pick something small, we reduce the barrier to getting…

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