There are certain milestones in life that many people look forward to: getting married, sending your child to college, and retirement, to name a few. It’s fun to dream about what your wedding will be like, how your child will do in college, or where you’ll travel when you’re retired, but it’s important to be financially prepared when the time comes.

  Tip  

Look for an online budgeting tool that helps you identify and track multiple goals at once.

 Here are a few options that can help you get where you want to go:

Higher education

In the 2020-2021 school year, the average private college cost around $54,880 per year, including all additional expenses and fees. Even at a public university, tuition and fees averaged more than $10,560 for state residents and almost $27,020 for out-of-state residents. And that’s the cost today, so saving for college early can do a lot to help you afford your student’s top choice.

Savings tip: For young children, consider saving early for their college future by establishing new deposit accounts. For students in school, there may be programs available in your state to help cover education-related costs.


Retirement

To retire comfortably, the American Association of Retired Persons (AARP) suggests that you'll need about 80 percent of your pre-retirement income. With retirees living longer, it’s more important than ever to have a retirement savings plan that will help you cover daily expenses, lifestyle changes and healthcare costs.

When it comes to saving money, it’s important to start as soon as possible. Once you know what you’re saving for and how you want to save, you can determine how much you want to save and find a way to make savings a part of your monthly budget.

Empower yourself with financial knowledge

We’re committed to helping with your financial success. Here you’ll find a wide range of helpful information, interactive tools, practical strategies, and more — all designed to help you increase your financial literacy and reach your financial goals.

My Financial Guide