Cedar Point 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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Results

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

Cedar Point Federal Credit Union

Cedar Point Federal Credit Union serves the Community of Southern Maryland. If you live, work, worship, go to school, or regularly conduct business in St. Mary's, Calvert, or Charles County, you and your family are invited to join Cedar Point. We also welcome local businesses and organizations.

22745 Maple Rd
Lexington Park, MD 20653-6305
(301) 863-7071
www.cpfcu.com

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.