How can I keep track of my many savings goals?

Question: How can I keep track of my many savings goals?

Answer:

Several banks allow you free "sub-accounts". By accessing online banking, you can nickname to help each sub-account to track your goal. For example, your savings account website could look like this:

Senior Savings Account: $ 50 balance

• Sub 1: New washer / dryer: $ 535 balance
• Sub 2: Back to School $ 140 balance
• Under 3: Weekend in Paris: $ 1,200 balance
• Sub 4: Emergency: $ 2,700 balance

Give each sub-account prevents you from even accidentally lowering your emergency fund for this trip to Paris. It is also likely motivated to save more quickly if you are listed your goals in each sub-account.

Many online banks, including ING Direct and SmartyPig, you can create sub-accounts and savings nickname.

If you do not want to create multiple savings accounts, you can also keep track of their goals in a spreadsheet software such as a quote, an online program like Mint.com or pencil and paper, old need.

And do not forget - you can use it to track your progress and these worksheets and household savings.