GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
Life happens.
There is good news, however.
These are their top strategies andhow you’re free to do the same.
Is it just yourself, a partner, your whole family?
Onces that done, the next thing is to prioritize and set expectations.
Does your timeline work for everyone involved?
Not only that, but that budget should match your expectations.
But even then, youll need to be proactive about it.
This means reviewing and cuttingunnecessary or wasteful expenses.
It also means knowing how much time you have.
Consider your time frame and how much youll need to save.
You have to start, even if it is small.
Do not fall into the All or Nothing trap.
However, its not always possible to omit credit altogether.
If credit is necessary, use it cautiously.
Make saving for your opportunity fund automatic to ensure you are putting money in there regularly, said Rhine.
But be aware that this alone might not always be enough.
Be prepared to adjust your savings if needed.
Increase the savings amount when things are going well and you have more money.
Reduce it when expenses rise or youre approaching a major event that calls for the extra funds.
Financial planning formajor life eventsisnt always fun, but there may be ways around that, too.
More From GOBankingRates
Share This Article:
