People who set fewer, more integrated financial goals saved nearly five times as much as those who set many unrelated ones, a recent study from the University of Toronto found.
Reason: With too many things to save for, you spend more time weighing priorities and less time taking action.
Limit yourself to three main goals -- say, retirement, Junior's college, the emergency fund -- then articulate a theme that describes them, like "improving my family's financial security."
