Whether you want to save more towards your emergency funds, pay-off your Discover credit card, or purchase your first home with 10% down, the premise is always the same when you are working to hit financial goals. You start with your specific goal first and work out the steps in reverse.
For math purposes, let’s say your goal is to purchase your first home in 18 months, with 10% down ($18,000).
This goal may seem daunting but take it one step at a time. To develop a plan of action, start by pulling the layers of the goal apart. (Think of it like pulling back the peel on a banana). That’s how we reverse engineer.