Savings Goals Calculator
Setting a specific savings goal gives you something tangible to work towards. Such as:
- "I'll save $400 for a new TV" or
- "I want to pay off my $2,000 credit card debt within 12 months."
Whatever your goal, always remember that small savings over time add up to bigger savings in the long run - so every small bit really does help.
By experimenting with this MoneySmart Savings Goal calculator you can set a savings goal and work out how long or how much saving it will take to get there.
You can also see how much difference even small extra savings will make.