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Financial Goals

Imagine you want to take a vacation (a cruise with your good friends in 2 years) and you will need $3,000 to cover your trip.

If you put this money into an account that earns 3% per year, how much should you put in each month?

calculator

Let’s use one of our handy financial calculators to figure this out.

  • Set the future value for your goal to $3000
  • Set the interest rate to 3%
  • Set the time to 24 months
  • Solve for the monthly savings needed
  • How much will it take each month to get that down payment?
  • Check your answer here

Okay, now that we know how to do this, how about you try this for one of your goals? stairs/goalsWant to step up?

Share your goal with us. Keep us posted on how you are doing. You can enter it here.

Use the calculator to figure out how much to save.

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