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December 29th, 2008 at 08:21 am

I happened to be tinkering with a free illustration program, and made a chart for somewhere else. Anyways, I thought it'd be fun to share it here as well:

And by the way, it's just making a very basic point that it's important to have a stated goal first, because your goals are what determines the best type of saving and investment bucket to use for that goal.

Also, please realize that it's just a simple example, not in any way set in stone or is entirely accurate. For example, I'm not really using a Roth IRA entirely to fund a house, although part of the money can and will probably come from that....

5 Responses to “Chart”

  1. asmom Says:

    Interesting idea. Maybe I'll try something like that tomorrow while I'm supposed to be working.

  2. Broken Arrow Says:

    Your comment made me laugh.

  3. Aleta Says:

    I like the idea of how small the chart is and to the point. It would be easy enough to put inside your purse or to keep it in front of you to constantly see your priorities in front of you.

    I saw that chart before but don't remember which book I saw it in.

  4. Broken Arrow Says:

    Hehe. Interesting. I made that one up off the top of my head, but I wouldn't be surprised at all if some author has already thought of it from long ago. I suppose that's a nice compliment, though the idea is pretty much common sense and straightforward to begin with. Again, it's just to show that when you state your goals up front, then buckets don't get confusing.

  5. Analise Says:

    I like the visual way you've represented income sources, goals, money buckets. In thinking about how I save for and manage various goals, I have "buckets" I use for different purposes... but I will remember this graphic way to display it.

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