Financial Goals

Set Financial Goals

Regain control of your life, establish financial security and achieve your own personal goals and dreams. Just like you can't plan a trip without knowing your destination. It is the same with your financial goals. You won't know how much to save unless you specifically know what you are saving for. So make a wish list. Be realistic. Put goals on paper and make them real.

List your goals; determine how much each will cost; then prioritize them to include short-term goals like home repair or a new car, and long-term goals like retirement and college tuition.

Priorities

Understand the difference between needs and wants. Wants are things that would be nice to have, but not necessary. Needs are things that you must have to survive. Prioritize your goals (and your spending)

Goals may change over time due to life circumstances so it is important to revisit from time to time. Once you have a clear picture as to what your goals are, you need to assign price tags.

Set your timeframe

How long will it take to reach my goal? Document your progress and post it somewhere in sight, (i.e. refrigerator).

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