Define Your Goals!

We have all had  goals at some point or another whether it was for our education, career or purchasing our first home. The problem is we often stop there. We may have  a vague sense that we want to save for our children’s education, pay down our mortgage, save for retirement, or change careers. The things is we are unable to do so if we do not plan. We have to have a plan to make it happen!

A contractor would not build a house if he did not have architectural plans to follow. This is why we must have a financial plan in place to accomplish our financial goals.

The incentive to  create a financial plan is to make our goals and dreams come true. Some examples of financial goals are:

  • Spend less money
  • Pay bills on time
  • Establish short and long-term goals
  • Spend more time on finances
  • Create a spending plan
  • Financial security

You may have more than one reason to want to come up with a plan but start with one and just get started.

Look at the list below and put a number between 1 and 5( 1 is not very important- 5 is very important).

  • Reduce  debt
  • Save money
  • Buy a car
  • Buy a home
  • Start investing
  • Reduce income taxes
  • Kids Education
  • Buy life insurance
  • Vacation
  • Something I missed listing

Now you have a list of your priorities. Take your top 3 priorities and rank those by order of importance. It’s  now time to look at  what resources are available  to start on these priorities.

You now have the start of your financial plan.

 

7 Responses to “Define Your Goals!”

  1. Megan Says:

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  2. Hilary Says:

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  4. Lisa Says:

    Glad you like it!

  5. Lisa Says:

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  7. Lisa Says:

    Thanks! 🙂

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