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Key takeaways. Saving money requires intentional planning, and the way you should go about creating that plan will depend on whether you’re saving for short-term or long-term goals, or both.
Good for short-term needs. A savings account is the ideal spot for an emergency fund or cash you need within the next three to five years. Good for long-term goals.
What to consider for long-term savings. If you have long-term savings goals that span five to 10 years or more, developing a well-diversified investment strategy can be a smart choice.
A common long-term financial goal is saving for retirement. Depending on the stage of life you are currently in, you also might be thinking of long-term goals such as funding a child’s education ...
While it can seem overwhelming to save for all of your financial goals at once, they are all important, and they each require a different savings and investment strategy. Short-term financial goals...
While you might be focused on covering short-term emergencies at one point, it’s likely you’ll graduate to consider long-term savings goals too. Below is a look at some of the different ...
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