Goal Setting

by astanhaus

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Vespa with matching helmet!

I want it in dragon red. And I like getting what I want.

But, I’ll need $5,000. That’s for the cheapest one. But not being able to go faster than 39 mph is just fine by me (and all who love me).

Now I need to save, save, save.

(click on the bold-faced vocab words:))

If I put $500 away every month into a money market deposit account with an interest rate of 3% that is compounded quarterly, I’ll have more than enough a year from now.

This combo of saving and waiting could be good for me.  Remember, I’m not trying to be cookie monster.

I’ll feel the pain of delayed gratification over the next months.

Hopefully, separation does make the heart grow fonder.

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

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