The first step is to decide on savings goals: a widescreen TV, new computer, college or retirement fund. The decision of what to save for and how much to save is an important part of the personal and family financial planning process. Each family member is encouraged to have a separate Track'n Your Savings Goals register so he or she can track progress towards achieving specific savings goals. Another register can be established for tracking progress towards achieving family savings goals.
The Track'n Your Savings Goals register has many advantages for those who have used the system. One user reported that she found the system "amazingly simple." She filled out the register as a part of her weekly savings routine. Another wrote she liked the immediate decision-making opportunities.
"Yes I could spend that $100 on fancy sneakers or I could buy cheaper ones and put the $50 difference towards our goal of a family vacation next summer. If we save the money, that will raise our total to $350. I liked the visual reward that I could see in the Savings Register," the user said.
In recognition of America Savings week, February 20 - 27, and thanks to funding from the Montana Credit Unions for Community Development and First Interstate Bank System Foundation the savings registers are available free to Montanans. To order, visit the MSU Extension store at: www.msuextension.org/store or request a copy from your local County Extension office.
Marsha Goetting (406) 994-5695 or firstname.lastname@example.org