A letter from Mar 04, 2025

Dear FutureMe, My savings goals are to buy a new car within two years and have an emergency fund equal to six months of expenses. For the car, I need to save approximately $15,000.For the emergency fund , I need $10,000.In total,I need to save $25,000. To reach these goals, I plan to save $500 a month.I will use a high-yield savings account to maximize my interest. I will also reduce my unnecessary expenses and look for additional ways to generate income. My main concern is the possibility of unexpected events that could affect my ability to save.To mitigate this, I will create a detailed budget and review my progress regularly.