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Working towards multiple money goals

2 replies

sunshinedaises · 21/12/2025 20:56

If you had multiple goals for the year such as save x amount in x account by end of year would chip off each of them regularly throughout the year or work on one until it’s complete and then move onto the other?

OP posts:
WalnutsAndFigs · 21/12/2025 21:04

It would depend of how I prioritised the accounts' importance. I'd pour all savings into an emergency fund before a holiday fund for example.
Or I'd save for my summer holiday before saving for Christmas since the holiday happens six months sooner

Travelfairy · 21/12/2025 23:06

We tend to do this simultaneously like for holidays/Christmas/home improvements. However obviously if the washing machine was about to pack in any day we would prioritise the home improvement fund....also depends on how big the goals are and income.
Simultaneously saving for 3 big goals of 5k each might be manageable, trying to save for 3 goals of 50k a go would not be! For us at least

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