Saving Tools
It is important to save and invest to fund three major categories.
- Emergencies
- Known, Upcoming Expenses
- Dreams (Retirement, College, Trip around the world)
We define "savings" as money that will be needed within the next five years. This money should be saved in no-risk, guaranteed accounts. We define "investing" as money that will not be needed within the next five years, therefore we are OK with taking additional risk with that money.
Use the tools below to prepare for all of your plans, hopes, and dreams!
- Calculates the future value of your investments based on the interest rate, number of months, current value, and monthly amount invested.
Retirement Nest-Egg Required Calculator
- Calculates the nest-egg required in order to retire based on the annual amount you want to retire on and when you would like to retire.
Known, Upcoming Expenses Calculator
- Allows you to save for known, upcoming non-monthly expenses like vacation, Christmas, annual insurance premiums, annual property taxes, etc.
- Click HERE to learn how to best utilize this tool.
Savings Account Balance Tracking Tool
- It is important to know where every dollar is intended to be used. If you have multiple savings and checking accounts, this is a tool you can use to name every dollar you have.
