Saving for a big goal: a plan you can follow

Big goals — a home, a car, a wedding, studies — feel far away until you turn them into a monthly number.

Step 1: define the goal

The amount and the date. Example: SAR 60,000 in 24 months.

Step 2: work out the monthly amount

60,000 ÷ 24 = SAR 2,500 a month.

Step 3: check it fits your budget

If it doesn't, change one of three things: the amount, the date, or your spending elsewhere.

Step 4: automate it

Set a standing transfer on payday into a separate savings account, so the money isn't available to spend.

Step 5: protect your emergency fund first

Don't use your emergency savings for a goal. Build them separately.

Staying on track

• Track progress monthly — seeing the balance grow is motivating.
• Put bonuses and unexpected income toward the goal.
• If you fall behind one month, adjust; don't give up.

For longer goals, consider whether part of the savings should be invested — understanding the risks first.