GOALS & BUDGETING
Short-term goals are what you want to have or do within one year, while long-term goals are to be achieved during the years to follow. People who set goals for themselves are often more successful than those who don't they know where they're going and what they want to achieve.
Estimate how much your goal will cost.
Determine when you want to achieve your goal.
Then, estimate how much money you need to set aside each year, or even each month, to reach your goal. Finally, set aside that amount before you begin to use your income to meet current expenses.
Keeping track of your money is the first and most important step to saving.
Use these budgeting guides to help track your spending
A budget is critical to managing your money especially if you are just starting out on your own.