Setting Goals

Once you have determined what needs to be changed, put it on paper and make it happen!  How often do you set goals, and then they fall through? 

Setting goals and being successful will require a few steps.

1. When setting a goal, make it specific
2. Goals that happen are goals that can be measured
3. Goals should be realistic; something with in reach.  Stretching may be required!
4. Set a date to have the goal completed, or set dates when steps of the goal will be completed…sometimes a deadline will give the push you need to ensure completion of a goal. 

Goals can be… 

• Short Term         0-3 months  
• Medium Term    3-12 months 
• Long Term          1-5+ years  

Here is an example…  

Setting specific goals will allow you to see if your financial desires are realistic.  For example, if a student needs money for tuition in 13 weeks, and the $153 needed per week is not possible with their job or spending habits, the student will be able to see that more things need to change in order to realize that goal.  If you have you values in place, when you set goals you will be able to do what is necessary to realize that goal.  In the above example, perhaps the student needs to find a second job, apply for grants, or find ways to cut spending such as getting a cheaper apartment for the summer, or renting videos with friends instead of going out. 

 For anyone to reach their financial goals they need 3 things…

• The income to match the goals  
• Control over how their income is used  
• Control over any debt

Where there is a will there is a way, give goal setting a try!

Read more about it:

Financial Goals Make Wishes Come True