How to save for a big financial goal

如何为重大财务目标存钱

Life Kit

2024-01-18

16 分钟
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When money's tight, it's hard to save for a rainy day or pay off credit card debt. But it's not impossible, says Monique White, a financial expert and the head of community at Self Financial, Inc. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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  • Youre listening to lifekit from NPR.

  • Hey, everybody, its Stacey Vanek Smith in for Marielle Seguera.

  • I have reported on business and economics for more than 15 years.

  • And the one thing I can say for sure is that money is tricky.

  • Everybody wants more of it.

  • And sometimes it can feel like this obstacle that is standing between us and the life we want, or at least the things we want, you know, like a pair of sneakers, an exotic vacation, a new computer, a car to get to work, a house, the degree that we want.

  • But getting enough money for the things we want or need is not always easy, especially right now.

  • Americans are in a record amount of credit card debt and prices are rising all over the place.

  • So in the middle of all this, how do you make a plan?

  • How do you save money?

  • How do you create a goal and reach it?

  • Monique White knows exactly what it's like to want something that seems out of reach.

  • It was a Dodge charger, and it had, like, touchscreen and a sunroof.

  • Monique was 22 at the time, just out of college and ready to set off into her future in her amazing Dodge charger.

  • But at that moment, her past came back to haunt her.

  • I went to go apply for an auto loan, and I was quickly denied.

  • And I was extremely confused.

  • So when I was denied, I pulled my credit report and I saw a credit card from my freshman year of college that I completely mismanaged.

  • I also saw my student loan payments on there, you know, late payments, because I wasn't making payments on that.

  • So I just was completely thrown off by the fact that something from four years ago could impact my financial capabilities.