Choose a specific purpose
Examples include annual insurance, school costs, travel, repairs or replacing an appliance.
Use a target and date
Dividing the remaining amount by the number of contribution periods provides a transparent saving pace.
Keep records
Whether the money sits in one account or several, track how much belongs to each goal.
Do not confuse with emergencies
A known annual bill is not an emergency simply because it is expensive.
Educational information only. Use current product terms and the rules that apply in your country. For decisions with significant financial consequences, consider an appropriately qualified professional.