Get your financial goals in order

By
Real Estate Agent with RE/MAX Resources

Financial Goals! 

Setting goals for today and the future may not be easy, but getting your plan in order will get you where you want to go faster!

IDENTIFY YOUR GOALS!  

WHAT? What do you want to accomplish (ex. pay off credit card, save for a home improvement, etc.)

WHEN? Set a specific start and end date for meeting you goal

WHERE? Where are you getting the money to meet your goals? Will it come from saving, cutting other expenses, investing, etc?

WHY? The most important question. Decide why your goal is important to you. Your "why" is what keeps you from spending $5.00 a day on a cup a coffee, instead of putting that money away.

BREAK DOWN YOUR GOALS

It may seem like a big goal, at first. Your goal will become much more manageable when you divide it into small, attainable steps. 

Example- If you have a $2000 credit card that you want to pay off in 4 months. Break that down into smaller manageable chunks (about $500 per month) Then figure out how you can conquer that $500 per month. Will you bring lunch to work? Make coffee at home? Do some work for someone?

IMPLEMENT YOUR PLAN

Follow your action steps and track your progress. You might even find the act of crossing off these "to do's" an addictive process!

Go easy on yourself if you get side-tracked! All you need to do is review your goals and adjust them appropriately.

Remember there are often many routes to the same outcome!!!

Happy Saving!

Here is a website the I found very helpful for more financial inspiration!

The Federal Trade Commission lists 66 ways to Save Money

http://www.ftc.gov/bcp/edu/pubs/consumer/general/gen14.shtm

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Rainer
26,594
Spencer Hill
Hill Asset Management - Kingstree, SC
#1 Financial Planner -- South Carolina

Graet Post. The journey of a thousand miles begins with one step. Most people do not realize that saving the money from that five dollar latte actually mounts up over time. the problem iss getting most people to consider the small things instead of waiting for a windfall.

Jul 01, 2008 08:43 AM #1
Rainer
124,417
Hope Goss
Ventura Property Shoppe - Ventura, CA
Ventura Real Estate

Thanks for the reminder.  It's important to get out of survival mode and set some real goals - even in a market like this.

Jul 01, 2008 08:50 AM #2
Rainmaker
1,386,844
Andrew Mooers
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Being in a survival mode and living below your salary is the Maine way of life.  If you broke even on a farm growing up, you had a good year. Grateful attitude but don't live high on the hog, get stuff paid for and don't lean on credit cards.  Don't buy $5 coffees.

Jul 01, 2008 09:00 AM #3
Anonymous
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Rainer
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Laurie Scalf

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