Saving money ranks highly among New Year’s resolutions, and for good reason. It’s important to have money in a savings account for emergencies and unplanned bills. It’s also important to save for longer-term goals, like buying a home or retirement.
If you’re hoping to save more money in 2022, the last thing you want to do is set a goal for yourself that’s unrealistic. If you do, you’ll be setting yourself up to fail.
Here’s how to establish a reasonable savings goal in the new year that you can actually achieve.