Tips on a Way to Set Finance Goals
Although it may not be the holiday time just yet, sorry we didn’t mean to scare you, but making a list and checking it twice doesn’t just apply to jolly old Saint Nick during the winter months. Believe it or not that old idiom applies to your everyday financial life as well.
When it comes to figuring out your finances, the first thing you’re going to want to do is make a list of your financial goals. It may seem silly but writing down a list of your financial goals will really help you in the long run. All you need is a pen and paper and a clear mind.
Start by setting realistic goals. You will want to be honest with yourself during the process, as we tend to sugar coat the truth when we don’t want to hear
(or think) it. Maybe a budget, yes we said budget, may be right for you after all.
You need to know where your money is coming in and most importantly where it is going as well. After you made a list of your goals write down your revenues, expenses, and what extra cash you will have lying around at the end of each month. Keeping track of your money visually will help you stay on track with your financial goals.
We all know that budgeting can be difficult, however, it is a necessity in order to be financially happy. Maybe that extra $5 a day you spend on your Starbucks could be putting a damper on your saving! You won’t know until you write it all out!
So, if you’re looking to fix your financial situation then this is a great place to start! For more information check out the videos above.