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Monday, October 14, 2013

Setting Your Financial Goals

As I start to budget my money better, I need to organize my financial goals. For those of us who may not know what your financial goals really are, let me give a very brief explanation.

Your financial goals is basically your wants or needs that you plan to obtain in a certain time frame.
Some examples of financial goals would be saving for a vacation, an emergency fund, paying of your credit card, buying a house/car, etc.

The time span of each goal is listed below (this will give you an idea of where to put each goal):
Short Term: Within 2 years
Mid Term: 2-5 years
Long Term: After 5 years


I had created a nice and simple personal financial goal that we all can scribble on!




Before we get started with this, I do want to inform you of a few things:

This may seem like a no-brainer but I feel that I must note:
Keep your goals realistic and obtainable!
You want to make your goals challenging, but you do not want them to be completely out of reach.

Also, don't be afraid to revise your goals. Revising your goals doesn't mean you  have failed to complete your plan. It just means that you have re-arranged your priorities & you've found something better to invest your money in.

We can do this friends! 



-Rennie




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