Once you know how much you need to save, you can track your savings progress in a virtual account called a savings goal account. A savings goal account is a way of hiding money from yourself so you don't inadvertently spend it on something else.

If you need a way to track savings in the context of your overall monthly spending, set up a monthly budget. To create a long-term financial plan covering major milestones such as retirement, college, and home purchase, use the Lifetime Planner.

How do I set up a savings goal?