Yusra3
Banned
Financial goal setting is a process that helps you set yourself up for success by making sure you have the resources and knowledge needed to reach your financial goals. It's all about becoming intentional about how you spend, save, and invest your money.
The first step to achieving your financial goals is to set them. There are a few different ways to do this, but you can also just write down what you want to accomplish and make sure that it fits with your overall financial goals.
For example: If your goal is to save $1,000 by the end of the year, then it's going to be hard to accomplish if you don't have any money saved up at all. If instead, you decide that you want to save up $1,200 from now until the end of the year, then it's much easier for you because there are a few months left in which you can save money without spending it or incurring debt.
Another way is by creating an action plan for yourself on how exactly you're going to get there. For example: If your goal is $1,500 saved in savings accounts by the end of next month (February), then start saving as soon as possible so that when February rolls around and it's time for your monthly budgeting session with your financial advisor (which should happen once every three months), everything seems like a breeze!
The first step to achieving your financial goals is to set them. There are a few different ways to do this, but you can also just write down what you want to accomplish and make sure that it fits with your overall financial goals.
For example: If your goal is to save $1,000 by the end of the year, then it's going to be hard to accomplish if you don't have any money saved up at all. If instead, you decide that you want to save up $1,200 from now until the end of the year, then it's much easier for you because there are a few months left in which you can save money without spending it or incurring debt.
Another way is by creating an action plan for yourself on how exactly you're going to get there. For example: If your goal is $1,500 saved in savings accounts by the end of next month (February), then start saving as soon as possible so that when February rolls around and it's time for your monthly budgeting session with your financial advisor (which should happen once every three months), everything seems like a breeze!
