Here’s the first step to sorting our finances: working out where we want to be moneywise and what our priorities are. Setting financial goals helps us focus our money and our lives. Goals can be short or long term, small or large, but they all need to be achievable. Many of us tend to underestimate how much we can achieve over time!
Financial goals are often about saving or paying off debt:
Actions are the steps we take to reach our goals. Here are some examples:
In six months or a year, let’s review those goals. And when we achieve a goal, let’s celebrate! Then we can set new ones to work towards.
New Year is a great time to think about goals – write those resolutions down!
Life’s a lot easier when we’re on the same page with our partner about the future. Both partners need to be involved in the process of setting goals and making a financial plan.
Knowing our net worth – the difference between what we own and what we owe – is an important part of setting financial goals and building a financial plan. It’s the way to know whether we’re getting ahead or not.
12 Jul, 2019
Perhaps it’s because our future selves are strangers to us.
13 Feb, 2019
“Will you be mine?” As you’d expect, for Valentine's Day the focus turns to cards, flowers, chocolates and romance.
1 Feb, 2019
As a single woman in my 30s, I’d had enough of renting. My home-buyer’s checklist was a small lock up and go, close to the city.
20 Dec, 2018
Okay, so here’s the ultimate in Grinchy behaviour: the Christmas puppy scam. It’s got to be one of the most cruel.
14 Dec, 2018
Right about now, there’s a tremendous Santa-sized pressure to deliver the best Christmas experience possible at home.
30 Nov, 2018
Some people are just not that into money. “It’s not important to me; I don't really care about it,” they might say.