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Small savings goals can help build momentum, study finds
By Rachel DePompa at KGNS — Sitewide
· June 23, 2026
· 2 min read
(InvestigateTV) — Having a direction for savings is important, according to a NerdWallet study that found people who have a savings goal saved more than those who did not.NerdWallet Lead Wealth Writer Kate Ashford said the study found 75 percent of people with a money goal are saving money regula...
Key takeaway NerdWallet Lead Wealth Writer Kate Ashford said the study found 75 percent of people with a money goal are saving money regularly.
Why this matters in The Laredo
In Laredo , where budgeting can be a challenge for many families, setting small savings goals can be a crucial step towards financial stability. The NerdWallet study's findings that people with a savings goal are more likely to save regularly can be particularly relevant in a community where every dollar counts. By starting with manageable targets, such as $10 a week or $100 a month, Laredo residents can build momentum and develop a savings habit that can help them weather financial storms. Moreover, the city's residents can leverage technology, such as apps that round up purchases to the next dollar, to make saving easier and less time-consuming. As Laredo continues to grow and develop, it is essential for its residents to prioritize savings and make the most of the resources available to them, including automated transfers and budgeting tools. By doing so, they can gain confidence in their financial management and create a more secure future for themselves and their families.
About this story
Original reporting by KGNS — Sitewide . The Laredo surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KGNS — Sitewide . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 23, 2026 ·
Source: KGNS — Sitewide ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? (InvestigateTV) — Having a direction for savings is important, according to a NerdWallet study that found people who have a savings goal saved more than those who did not.NerdWallet Lead Wealth Writer Kate Ashford said the study found 75 percent of people with a money goal are saving money regula...
When was this published? This article was first published on June 23, 2026 by KGNS — Sitewide and curated for The Laredo readers.
Who reported this story? This story was reported by Rachel DePompa at KGNS — Sitewide. To learn more about how The Laredo selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Laredo, or browse our daily briefing and topic hubs .
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