Let’s talk targeted savings today. If you have a specific financial goal in mind like a vacation, college fund, major home repair, or other major purchase, one of the best ways to get started and remain successful is to open up a specific savings account for that pot of money. A targeted savings account lets you set aside that money in a place you won’t be tempted to raid it for other uses. Give your money a separate home from the rest. Maybe a high yield online savings account. Let it grow on its own. If you just have it lumped in with all the rest, you’re much more likely to use it for things that don’t match your goal.
Mandy’s Fabulously Frugal Fact of the Day is brought to you by…
Old World Deli is Bellingham’s authentic delicatessen in the European fashion! You can dine-in, shop the market, and order wine, meat, cheese, and groceries for pick up or delivery! Order online or visit them at 1228 N. State Street in Bellingham! Check out their daily specials on Facebook to save money on your lunch or dinner.
