The importance of setting yearly financial goals

[Carpon]

I will love to use this medium to wish everyone a happy new year and pray that this year will be the best year ever for us all to make more money and become financially strong person's. That said and done, I have decided to out up this thread and do so for the purpose of giving you and making you see reason why you should have financial goals and plans for every year and that should be set at the inception of the year.

Having no goal financially is likened to a football match where there are no goalposts. The players will only be gallivanting and kicking the ball without any aim they ought to achieve.

Having a financial goal will help you focus more on the most basic and important things. When you set a goal at the beginning of a year, your entire journey that year will be with the aim of achieving a specific goal which will help you rate your progress at the end of the year.

 

[Abigael]

Happy new year to you. I am glad that you have brought to us this topic while the year is still young. It is indeed so important to set goals as they are the ones that guide us to living right.

Having financial goals ensures that you find ways to earn money, spend wisely and have a plan before taking any loans. Goals make you more financially stable this way.

Goals also ensure that you never go broke. Being broke is so miserable, you cannot afford the things you want or wish for yourself. That can even affect your mental health and self esteem.

 

[Jasz]

Setting yearly financial goals is essential for individuals who want to achieve financial success and live the life they want. Goals provide direction, motivation, and a framework for financial decision-making. By setting yearly financial goals, individuals can create a roadmap for achieving their financial objectives, whether it's saving for retirement, paying off debt, or purchasing a home.

Goals can help individuals prioritize their spending and ensure they are allocating their resources towards what matters most. Regularly reviewing and adjusting goals can also help individuals stay on track and make progress towards their financial aspirations. In addition, setting and achieving financial goals can provide a sense of accomplishment and confidence in one's financial future. Overall, setting yearly financial goals is an important step towards achieving financial stability, security, and success.