Comments on: Do You Save With a Specific Goal in Mind?

By: Ella

Ella — Wed, 15 Feb 2012 06:37:26 +0000

I think I am more the type of person who need a goal. But teh goal can be to reach a net worth of US$100.000 which is not a goal of spending the money on something in particular.

By: Cindy Brick

Cindy Brick — Tue, 14 Feb 2012 21:29:23 +0000

Boy, am I the only one who is wondering what your brother’s financial behavior is like as an adult?? Please write a companion post on this!

My brother was the keep-it-til-it-rots type. His room was full of moldy candy squirreled away from Thanksgiving and Christmas. In the meantime, he wanted me to share my candy with him!

But we were both raised to be frugal. I will save up for a goal — but we’ll also take one of those ‘take a year to pay’ promotions. And we’ll deliberately schedule payments so we don’t owe an extra cent at the end. Works just as well, provided you make the payments.

Latest post:
http://www.myretirementblog.com/how-much-do-i-really-need-to-retire.html

By: Jennifer

Jennifer — Mon, 13 Feb 2012 13:12:39 +0000

this is so true!I find that when we have no goal we end up getting nowhere fast. We “had the goal” to just save as much money as possible and spend as little as possible for 3 months at the end of last year and we ended up doing worse than we normally do. Now we are refocused and have a specific goal we are working towards (braces for my daughter) that we are making great progress on.

By: One Frugal Girl

One Frugal Girl — Mon, 30 Jan 2012 03:15:17 +0000

@ Little Miss Moneybags – I agree with watching that balance grow!

@Mariza – I guess I could say that I have a similar goal. The goal of watching my total grow to a specific number.

By: Mariza

Mariza — Sun, 29 Jan 2012 21:56:54 +0000

How wonderful! I hope my daughters are like you when they grow up! I always saved with a goal in mind. My goal was what I wanted to buy with it.
Now I have a goal of the amount of money that I want to have in the bank, but just to see that amount, not to really spend it. I don't have anything I feel I need to buy. I just want to see that number. After I get to that number, then I'll decide if I keep going or if I do something with it.

By: Face and Fitness

Face and Fitness — Sun, 29 Jan 2012 00:45:18 +0000

I usually have a specific goal in mind, and it's usually something small. Big goals seem overwhelming, but many small goals are do-able … and they add up!

By: Little Miss Moneybags

Little Miss Moneybags — Sat, 28 Jan 2012 23:16:32 +0000

I like having specific goals to save for, but I also tend to just sock money away for no reason – I like watching the balance grow either way.

By: Michelle P

Michelle P — Sat, 28 Jan 2012 22:23:42 +0000

I save with a goal in mind, but right now my saving is a little lax so that I can pay off debt.

By: Juice

Juice — Sat, 28 Jan 2012 21:06:49 +0000

We try to save with no regard to what it is for. We know from hard experience that there will be something we haven't planned for to occur. We also look to the future and know that we have to be ready!

By: Jolie

Jolie — Sat, 28 Jan 2012 18:20:06 +0000

I find I need that specific goal or target in mind to keep me focused and keep up the momentum. Sometimes I change which goal it is for along the journey.