Set goals and save for them
Once you’ve set your goals, start saving for them to pay for your future purchases in cash and not take on any debt.
1. List your goals and determine how much you need to save for them.
This includes your next car, vacation, furniture, kid’s college, etc.
Listing your goals within a budgeting tool helps you track your progress and see the amount you’ll need to save for each goal.
Learn More About Goals and Budgets Setup Goals and BudgetsGoal Savings Calculator
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the provider, CalcXML, assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.
Wedding
Average $182 per guestvaluepenguin.com
College
Average $25,900 for in-statevaluepenguin.com
Vacation
Average $1,145 per personspendmenot.com
New Roof
Average $7,995 to replacehomeadvisor.com
2. Open a savings account.
Separate your emergency savings from your goals-based savings to know when you’ll use funds for specific purchases and planned events.
Learn More About Our Savings OptionsTo open a Savings account now, simply choose Apply Now at the top of this page and select Deposit Account.
3. Rename your accounts.
Put a name to your savings account like, “My Next Car” or “Our Wedding.” This will keep your momentum going by having a visual of what you’re working towards alongside your expenses.
How to Rename AccountsSelect My Settings in the top right corner and then select Rename & Hide Your Accounts.
Member Story:
Set goals and save for them - Milestone 6

“I made my dream of going to Greece and Italy a reality. I worked overtime and took on a second job to make it happen. It was amazing. I used my FAIRWINDS account as my vacation account. It was so inspiring to see the money increase until I had enough to go on this once in a lifetime trip. I am single, lived alone and had a basic income. I was able to save by only spending on essentials and focusing on my end goal.”
Yvonne — Orlando, FL