Achieve your savings goals!

Name: Achieve your savings goals!
Rating: 5.0 (10 reviews)

Learn an easy and stress-free way to save.

Created bySuzann Sturz

Last updated 4/2023

English

What you'll learn

Create a savings plan.
Determine the amount of the savings goal.
Evaluate inflows and outflows of funds on a monthly basis.
Set up automatic transfers into a savings account.
Create a separate savings account for your savings goal.
Evaluate monthly expenses as either a 'want' or a 'need'.
Understand the foundational concepts of accomplishing long-term goals.
Learn how to save without having to think about it each month.
Understand why you shouldn't increase your cost of living expenses when you receive an increase in your monthly pay.
Take the stress out of saving.

Course content

10 sections • 34 lectures • 1h 6m total length

Introduction & what you will gain from taking this course1:47
About me3:24
Why I wanted to teach this course0:57

Why being long-term focused is important1:09
Commit to a long-term mindset when saving, recognizing there is no overnight solution, and focus on gradual, steady gains that accumulate over time.
You have the power1:43
Develop a disciplined saving mindset and commit to a long-term plan, prioritizing saving before spending to pay yourself first and achieve your financial goals.
Think about your past long-term accomplishments
Complete step 4 in the Savings Goal Worksheet1:08
Complete step 4 in the Savings Goal Worksheet (Worksheet #1)

Determine 'Needs' vs. 'Wants'1:21
Complete Step 1 of the Needs vs. Wants Worksheet3:56
Complete Step 1 of the Needs vs. Wants Worksheet (Worksheet #2).
Complete Step 2 of the Needs vs. Wants Worksheet2:15
Complete Step 2 of the Needs vs. Wants Worksheet (Worksheet #2).
Evaluate possible changes to current spending2:05
Complete Steps 3-5 of the Needs vs. Wants and Step 6 of Savings Goal Worksheets9:27
Complete Steps 3-5 of the Needs vs. Wants Worksheet (Worksheet #2).
What amount are you able to save each month?0:52
Complete Steps 7 and 8 of the Saving Goal Worksheet7:45
Complete Steps 7 and 8 of the Saving Goal Worksheet

Why is a separate account needed?1:01
Set up a separate bank account1:29
Set up a separate bank account and open a high-yield savings account to earn more interest toward your goals, using buckets or separate accounts such as Ally.
Determine which financial institution you plan to use for your savings account.
Set up your savings goal bank account1:25
Set up your savings goal bank account by navigating to the savings section, reviewing high yield savings options, and opening a new account with buckets for different goals.
Set up your savings goal bank account (or bucket).

Anticipated increases1:19
Contemplate possible expected increases to your inflows in the next year.
Complete Step 9 in the Savings Goal Worksheet2:15
Complete Step 9 in the Savings Goal Worksheet (Worksheet #1).
Unanticipated increases0:50
Identify unanticipated inflows like tax refunds and save them as one-time contributions toward your savings goal to boost progress and complete worksheet step one.
Contemplate possible unexpected increases to your inflows in the next year.
Complete Step 10 in the Savings Goal Worksheet3:47
Complete Step 10 in the Savings Goal Worksheet (Worksheet #1).

Recap of the lessons you have learned and items you have completed.1:17
Final reminders before we part.0:12
Complete Step 11 in the Savings Goal Worksheet1:54
Sign and affirm your commitment to your savings goal, establish a separate savings account, set up automatic monthly transfers, and not touch the funds until you reach the goal.
Complete step 11 of the Savings Goal Worksheet (Worksheet #1).
Conclusion0:33
Celebrate completing this course and share your savings goal in the comments. Report when you reach your goal, include how long it took, and suggest topics for future courses.

Requirements

No experience needed.

Description

Saving money can be hard but it doesn't have to be! This course will teach you an easy and stress-free process for saving money in order for you to achieve your savings goals. I want to help you determine what your saving goal is and empower you with the knowledge, skills, and confidence to meet that goal. Whether your goal is to save for a big international trip, a down payment on a house, or an emergency fund, this course will provide you with the foundational knowledge and detailed steps needed to accomplish your goal. You will have access to helpful worksheets that will make creating your savings plan simple. You will be tasked with reviewing you current monthly finances, evaluating whether there are areas of your current spending that you can change in order to increase savings, and determining the amount you should be saving towards your goal each month. We will go over real-world examples from my life and I will show you step-by-step how you will set up your monthly saving contributions so you can enjoy your life without worrying about saving for your future plans. By the end of the course you will be saving towards your current goal and will know the steps needed to save for any future goals.

Who this course is for:

People who would like to learn an easy way to save.
People who have tried saving strategies in the past but found that they did not work.
People who would like to save for a specific purpose (e.g. down payment on a house, vacation, etc.)
People who get stressed about saving and want to find an easy way to accomplish their saving goals.

Achieve your savings goals!

What you'll learn

Explore related topics

Course content

Introduction3 lectures • 6min

Determine your savings goal3 lectures • 4min

Commit to a long-term mindset3 lectures • 4min

Inflows of Funds3 lectures • 5min

Outflows of Funds7 lectures • 28min

Set up a separate bank account for your savings goal3 lectures • 4min

Set up automatic monthly transfers into your savings goal bank account3 lectures • 2min

Increases to your monthly saving contribution4 lectures • 8min

Stick to the plan!1 lecture • 1min

Recap4 lectures • 4min

Requirements

Description

Who this course is for: