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Department of Labor Federal Credit Union

How Can I Save For a Big Ticket Item?
Calculator

Are you saving for a big ticket item? A car? A boat? A motorcycle? Use this calculator to figure out how long it will take you.

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If you invest $0 now and $0 monthly for 0 months at 0%, you will have saved $0.

To achieve a savings of exactly $0, you can do one of the following:

  • Change amount invested now to: $0
  • Change monthly savings to: $0
  • Change months to save to: 0
  • Achieve a rate of return of: 0%

When adjusted for inflation of 0%, $0 is worth $0 in 0 months.

Information

Department of Labor Federal Credit Union

Serving employees and contractors who work for the Department of Labor, their families and associated organizations. See website for details.

200 Constitution Ave
Rm S-3220
Washington, DC 20210-0001
(202) 789-2901
www.dolfcu.org

Resources

Resources

The Motley Fool's "Saving & Spending Center" provides a crash-course in how to save more money, including budgeting, short-term savings vehicles, saving for college, etc.

FinancialLiteracyMonth.com's Tools for Success section offers a helpful "Financial Goals Worksheet" and a "Financial Priorities Worksheet." Be sure your goal has a specific purpose, a dollar amount that it will cost, and a realistic target date. And take a look at the big picture to make sure your big ticket item is a priority.

About.com's Money In Your 20's section has great articles to get you thinking about ways to save better.

At Credit Unions, You Save More Because credit unions are member-owned and member-operated, they pay-it-forward to members in the form of better interest rates and lower fees (instead of sending profits up to shareholders, like at a bank.) Find yours at www.CULookup.com.

CULookUp - Sponsored by NAFCU Services

CULookup.com - Sponsored by NAFCU