local
Small savings goals can help build momentum, study finds
By Rachel DePompa at WSMV 4 News (NBC affiliate)
· 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 Nashville
In Nashville , where the cost of living continues to rise, setting small savings goals can be a crucial step for residents to build financial stability. The NerdWallet study's findings that people with a savings goal are more likely to save regularly can be particularly relevant for Davidson County residents who may be struggling to make ends meet. By starting with manageable targets, such as $10 a week or $100 a month, individuals can create a safety net and develop healthy financial habits. Moreover, the city's thriving business community and growing population can lead to increased expenses, making it even more important for residents to prioritize saving. As Nashville continues to evolve, its residents would do well to heed the study's advice and take advantage of tools like automatic transfers and savings apps to make saving easier and less time-consuming.
About this story
Original reporting by WSMV 4 News (NBC affiliate) . The Nashville 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 WSMV 4 News (NBC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 23, 2026 ·
Source: WSMV 4 News (NBC affiliate) ·
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 WSMV 4 News (NBC affiliate) and curated for The Nashville readers.
Who reported this story? This story was reported by Rachel DePompa at WSMV 4 News (NBC affiliate). To learn more about how The Nashville selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Nashville, or browse our daily briefing and topic hubs .
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