Family Savings Goals: By the Numbers

Family Savings Goals: By the Numbers

How do you budget for a car, for a vacation, for the kids’ college – when you don’t have a clear vision of the actual costs? Understanding the bigger picture can make it easier to sketch out your own savings plan.

Setting family financial goals takes some effort, but it’s worth it! Take a look at common costs of the “Big 6” expenses – housing, kids, transportation, food, healthcare and fun/entertainment – and use these national averages and ranges to help you plan your family’s brightest future.

Family Savings Goals  Infographic on How to set family financial goals
Family Savings Goals  Infographic on How to set family financial goals

Now work toward your family’s financial goals

Determine what you need to save, how much you have saved already, and how long you plan on saving for it. Then plug the numbers into our Savings Calculator to see what you need to put away each month to reach your goal.

Rule of Thumb Saving Goals

Family Savings Goals  Infographic on How to set family financial goals
Family Savings Goals  Infographic on How to set family financial goals

Loans to Fit Your Needs

If your timeframe is tight, consider United Bank home equity loans, car loans, personal loans and mortgages. Visit a branch or learn more about our lending options.


Any educational tools, calculators, guides and other content available on this site are for informational purposes only. These materials are not intended to provide personalized legal, investment or financial advice for your unique circumstances. For specific advice about your unique circumstances, you may wish to consult a qualified professional.
1 “United States Home Values.” Zillow.
2 “Tackling Home Financing and down Payment Misconceptions.” Www.nar.realtor, 7 Jan. 2022.
3 “CE Data Products.” U.S. Bureau of Labor Statistics, U.S. Bureau of Labor Statistics.
4 “2022 Houzz & Home - St.hzcdn.com.” Houzz.
5 Lino, Mark. “The Cost of Raising a Child.” USDA, 18 Feb. 2020.
6 Kerr, Emma, and Sarah Wood. “The Cost of Private vs. Public Colleges - US News & World Report.” US News & World Report, 8 June 2022.
7 Moye, Brittany. “Annual Cost of New Car Ownership Crosses $10K Mark.” AAA Newsroom, 11 Aug. 2022.
8 “USDA Food Plans: Cost of Food Reports (Monthly Reports).” Food and Nutrition Service U.S. Department of Agriculture.
9 NA, Kim. “Vacation Budget Calculator: How Much Does the Average Vacation Cost?” Stuffed Suitcase, 7 Aug. 2022.