Goals to Help You Save for Retirement - Term Paper Example

BodyI. Key One: You should save for emergency funds.A. Save up enough so that emergency funds are able to financially assist you for five months or so.B. Setting aside some money every month for emergency funds is important because it can help pay for unexpected damages like nasty car repairs (Caldwell).Transition: (signpost that lets your audience know where you were and where you are going)II. Key Two: You should also save money for the looming prospect of retirement.A. An ideal way to save money for retirement can be by starting with a strategic plan and any employer plan the company offers should be fully utilized as well (Caldwell).B. People often get intimidated by the idea of saving money, but keeping aside at least 15% of the total annual salary for retirement is a good goal to set (Caldwell).

Transition: (signpost that lets your audience know where you were and where you are going)III. Key Three: You should switch your bank account to a bank that thrives on delivering real value to its customers.A. Many banks use customers’ hard-earned money on maintenance fees. The interest they give you on savings accounts is terrible. Switching to the best savings accounts which can be found online today is a very good way to save money (Hamm).B. Again, some people get scared by the idea of switching accounts because the whole process is daunting.

But, the prospect of being able to save more money should be put foremost and setting up a new bank account is not as difficult today as it used to be (Finder.com.au).Transition: (signpost that lets your audience know where you were and where you are going)ConclusionI. In conclusion, this short speech sought to get your attention for saving money. From organizing emergency funds to switching to advantageous accounts to saving up for retirement, each step aimed to illustrate why saving money is important and how you can reach this objective.II. If for a moment you return to the supposition made at the beginning, you will be able to better appreciate now how saved money could bring you mental relief in times of stress.