Name Your Goal, Then Fill the Jar
A named goal plus a steady weekly amount turns wishing into a plan.
The idea
A savings goal works best when it has a name and a price, like a $60 skateboard instead of just more money. When you set money aside a bit at a time for one named thing, that pot is called a sinking fund. Divide the price by how many weeks or months you have, and that tells you how much to put in each time. The plan is what does the work, not luck 🎯
Words to know
- Goal
- The one thing you decide to save your money for.
- Sinking fund
- Money you set aside a little at a time for one thing you named.
- Target amount
- The full price of the thing you are saving for.
- Contribution
- The amount you add to your savings each week or month.
- Deadline
- The date you want to have all the money ready by.
Try it — no account needed
True or false about saving toward a goal?
A sinking fund is money you set aside on purpose for one thing you named.
In the full lesson
- 1True or false
- 2Work out the number
- 3Make the call
Vine has 107 lessons like this one, each written three ways so a 7-year-old and a 17-year-old both get a version that fits.
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