7 Savings Chart to Measure the Progress of Any Financial Goals

7 Savings Chart to Measure the Progress of Any Financial Goals

Saving money is a complicated process because of the never-ending temptation to spend it. You need consistent efforts to stay away from the urge to visit your favourite store to achieve the financial goals. After a few months, the efforts may not remain the same because of constantly losing motivation.

Many people find it hard to follow a budget for a long time because it can take years to achieve a financial goal. No sense of success makes it look like an endless endeavour. Also, there is no proper strategy without a timeline and tracking method.

A saving chart is an old-school solution that remains effective in the modern world of smartphone apps. You can create a chart to keep the speed up the savings progress with a detailed plan and progress tracking. Here are some charts for different financial goals to help you achieve them within the timeline.

1. Emergency Savings

You may find yourself out of credit during a financial disaster to completely derail your budget. The pandemic was a great lesson for the people living on a lifestyle of paycheque-to-paycheque. Therefore, create a graph to save for emergency savings by entering a value for each day.

A small contribution towards emergency fund will add up to a significant number after some time. Try to save money on every purchase and enter the value into your emergency fund chart. Once the amount is enough to stay afloat for a few months without an income, you can shift your focus on other financial goals.

2. Savings for an Amount

People new to savings should not jump directly to some primary financial goals. It increases their chances of failure because of reduced commitment with each month. Thus, it is easier to start with a small amount as a target for savings.

You can create a chart with the target, current savings, and contribution from each day. It will develop a sense of achievement in a shorter period to help you learn the benefits of savings. Also, it will prepare you to start saving for long-term goals.

3. Savings for Important Events

Many vital events in our life require celebrations to take time off from the stressful professional life. It includes birthdays, anniversary, festivals, and wedding. You need money to plan and celebrate these events.

Therefore, it is recommended to have a plan for savings to avoid budget problems near the event. Put the plan on a chart and try to avoid any excessive spending from the budget with its help. If the savings is not enough, you can take long-term unsecured loans to manage the expenses.

4. Savings for Specific Weeks

A rough patch will cause a budget cut for a certain period. You can also try to raise some money for a purpose only for a set period. In these cases, a weekly schedule is recommended to keep track of the progress.

It is on you to whether create it to enter savings from each day or just weeks. Set an increment value for each week to increase your savings after the set period. This will help you find some ways to reduce the spending for the required increment in savings.

5. Spare Change Savings

Spare change saving is an underrated method to create a fund for rainy days. You have no idea about the amount we waste on the spare change because of throwing them around. They often end up in the laundry machine or sofas because of placing them in our pants pockets.

You can create a charge with some ideas to save spare change every week along with the amount saved. The amount at the end of the week may come as a surprise to you. You can increase the change from transactions with the use of cash instead of cards.

6. House Down Payment Savings

One of the biggest financial goals for adults is to save money to buy a house. It takes years of efforts to have enough money in the account for the down payment. A savings chart is necessary to save money and stay on track with the plan.

First, you need to find a budget for the house based on affordability. Then, come up with a down payment amount keeping in mind the equity over the house and monthly instalments. You can then divide the number with a period of your choice to create a goal for the savings chart.  

7. Vacation Savings

People work hard throughout the year to fulfil their passion and ambitions. For some, travelling is the passion with several cities and countries in their travel list. It requires them to save money in the most efficient method for a memorable vacation.

Enter the details such as the overall budget, a checklist of expenses covered, and monthly savings for the vacation in the chart. You should add the travel essentials in your bag to the overall budget. Many people lose control over their budget because of these ignored expenses.


To sum up, you can boost your efforts and create a better strategy to achieve various financial goals with a savings chart. It will take only a few minutes to create one and update it regularly. Therefore, it is recommended to have a progress tracker on paper or any digital device to implement the savings plan successfully.

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