It's recommended to review your savings progress at least quarterly, or more frequently if your financial situation changes. Regular reviews help you stay on track and make necessary adjustments. Here’s some tips to consider:

• Track your progress: Compare your actual savings to your planned savings.
• Adjust contributions: Increase or decrease your contributions based on your progress and income.
• Review interest rates: Ensure you're maximizing your returns by comparing interest rates on your savings accounts.
• Re-evaluate your goal: Life changes can impact your savings goals. Be prepared to adjust your plan accordingly.
• Use online banking tools: FNBO has tools and resources to help you easily track your savings, review your accounts, and make necessary adjustments.

When setting your savings goal and timeline, we recommend factoring:

• The total cost of your goal: Research the actual expenses involved.
• Your current income and expenses: Ensure your savings plan is sustainable.
• Potential unexpected expenses: Build in a buffer for emergencies.
• Inflation: Account for rising costs over time.

Prioritizing multiple savings goals can be challenging, but here's a helpful approach:

• Rank goals by importance: Determine which goals are most critical to your financial well-being.
• Consider time sensitivity: Prioritize goals with shorter deadlines.
• Factor in urgency: Address immediate needs, like an emergency fund, before long-term goals.
• Break down large goals: Divide large goals into smaller, manageable milestones.
• Utilize separate accounts: Consider using different savings accounts for each goal. Take advantage of high-yield or CD accounts for long-term goals.
• Create a savings timeline: Visualize your progress will help you stay motivated.