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.
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