Financial goals are important because they help you to keep track of your progress, and make sure that you're constantly moving forward.
However, it can be difficult to know where to start when it comes to setting financial goals. I put together some tips for creating a goal setting system that will work for you.
First of all, think about what your financial situation is like now. Are you happy with your income? Do you have enough savings for retirement? What about debt? Are you in debt because of medical bills or credit card payments? If so, how much do those payments cost you each month?
Once you've figured out where your current financial situation stands, it’s time to set some new goals! Think about what kind of lifestyle changes would help move toward those goals (like finding a new job or saving more money). Then make a list of everything that needs to happen in order for those changes to happen (like getting a raise at work or paying off student loans).
Finally, divide that list into small steps that can be accomplished in one day (like calling your boss today or signing up for online bill payment), and put them on paper so they're visible and measurable.
However, it can be difficult to know where to start when it comes to setting financial goals. I put together some tips for creating a goal setting system that will work for you.
First of all, think about what your financial situation is like now. Are you happy with your income? Do you have enough savings for retirement? What about debt? Are you in debt because of medical bills or credit card payments? If so, how much do those payments cost you each month?
Once you've figured out where your current financial situation stands, it’s time to set some new goals! Think about what kind of lifestyle changes would help move toward those goals (like finding a new job or saving more money). Then make a list of everything that needs to happen in order for those changes to happen (like getting a raise at work or paying off student loans).
Finally, divide that list into small steps that can be accomplished in one day (like calling your boss today or signing up for online bill payment), and put them on paper so they're visible and measurable.