Save for Something

- Hi, I'm Jean Chatzky and this is your Savvy Money Minute.

- [Man] Brought to you by Credit Union of Southern California.

- Saving money can be hard. But money rule number 21 can help. Save for something. Having a definite goal in mind gives you a better chance of success. Researchers at Columbia University found that visualizing the benefits of saving money makes people 25% more likely to save. Want a vacation in Hawaii? A 40th birthday bash? New kitchen countertops? Visualize your goal. Then target a monthly savings amount and a deadline. And finally, probably your most important savings goals. Retirement. Using our visualization rule, see your 401K, not just as a number, but as the retirement lifestyle you want. Sunny location? Great culture? Exotic address? Now that you can see it, you may find you're motivated to put away a little bit more. I'm Jean Chatzky for Savvy Money.

Building Better Lives

Credit Union of Southern California (CU SoCal) is a leading financial institution empowering those who live, work, worship, or attend school in Orange County, Los Angeles County, Riverside County, and San Bernardino County to reach their goals and build strong financial futures. CU SoCal provides access to convenient money management services and offers competitive rates and flexible terms on auto loans, mortgages, and VISA credit cards—turning wishing and waiting into achieving and doing.

 

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