Developing practical saving skills

  • 15 minutes

Let's practice saving! Think of a goal you'd like to achieve—maybe a new gadget or a trip. Consider:

  • How much do you need to save?
  • How long do you have to save?
  • Which strategy will help you get there?

Ask Copilot Activity:

  1. Open Microsoft Copilot.

  2. Prompt Copilot to map out a savings plan using one or more strategies by typing "I want to save for [insert your goal, for example, a new phone, a bike, or a trip]. Can you help me create a savings plan using one or more budgeting strategies?"

  3. Review Copilot's suggested plan.

  4. Test different strategies.

    • Ask Copilot: "Can you show me a savings plan using the 50/30/20 rule?"
    • Then try: "What if I used the Pay-Yourself-First method instead?"
    • Compare how different methods affect your savings timeline.

  5. Try different adjustments to see how small changes can help you reach your goal faster.

    • Ask Copilot: "What happens if I save an extra five dollars per week?"