The planning process gives you a chance to think about things you could do to reach your goal. Continuing with the emergency fund example, if your weekly grocery bill is $100, you could plan to cut that bill by 10% or $10 a week using tips like those described in the following post: http://wp.me/p1gAhb-4m. If you normally buy your lunch, you could probably save at least $10 a week by making your lunch at home and taking it with you to work one day a week. (Dinner leftovers make great lunches a day or two later.) At this point, you have a plan that will get you halfway to your savings goal of $42 per week . You can close the gap by another $10 per week by planning to switch your cellphone or smartphone to a lower cost plan. Most people are paying $12 a week more than should be because they are paying for more minutes than they are using. Source: http://news.cnet.com/8301-1035_3-20055380-94.html. Now, you’re just $10 a week away from your savings goal of $42 per week. You can close this last little distance by planning to switch to a lower cost cable TV package — e.g., by cutting one or more of the premium channel you don’t use very much. Here are some more tips for reducing your cable TV bill: http://www.smartmoney.com/spend/family-money/how-to-cut-your-cable-bill-now/.