You Can Save for More Than One Goal at a Time. Here’s how.
It’s possible to juggle more than one financial objective at a time, and it doesn’t have to be an either-or scenario. Focus on these five strategies to help you make the most progress.
Transcript:[Title cards appears saying "HOW CAN I SAVE FOR COMPETING FINANCIAL GOALS?"]
[A woman standing up in front of a conference room talks and leads a group of coworkers]
Juggling multiple financial goals can leave you wondering how to fund them all.
But you don't have to make either-or decisions.
There are simple strategies that can help you find a good balance.
[The woman is now in her office working on her computer]
Of course, you'll want to start by prioritizing.
[The woman is now home with her teenage kids, helping her son with homework while her husband helps their daughter]
Some goals are "needs", such as creating a cash cushion for emergencies or paying off high-interest debt.
[The family now cooks dinner together while guests sit at the kitchen counter talking]
Others are "wants" like a dream vacation or kitchen remodel.
[The family and guests now sit at the kitchen table eating dinner]
And, with retirement possibly years away, it's easy to think this need can wait.
[The couple now sits at an outdoor dinner party with friends]
But the earlier you start saving for retirement, the more likely you'll have a comfortable nest egg later.
[All the friends now are playing lawn games together]
Some goals may be quicker to achieve than others. But with a bit of planning, you might be enjoying that vacation sooner than you thought.
[The woman now sits on an outdoor cushion with her husband while they talk]
[A Mutual of Omaha Advisors logo appears]
Talk to a Mutual of Omaha licensed financial advisor to learn more about savings strategies that help support all your financial goals.