Savings strategies that actually work

episode · Checking source

Savings strategies that actually work

Life Kit: Money

You know you want to save for that vacation, those new tires and more generally, the future. But what savings approach actually works? Certified financial planner Tania P. Brown recommends trying savings buckets. By creating separate categories — or buckets — for your savings, you can prioritize your goals, plan ahead and set rules for when you'll tap into each fund. In this episode, Brown shares tips on building sinking funds and emergency funds, as well as other types of savings accounts, so you can stay motivated and on track with your financial goals. Follow us on Instagram: @nprlifekit Sign up for our newsletter here. Have an episode idea or feedback you want to share? Email us at lifekit@npr.org Support the show and listen to it sponsor-free by signing up for Life Kit+ at plus.npr.org/lifekit See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. NPR Privacy Policy