No matter how much money you make or how much money you spend it’s a good idea to set financial goals. Without any financial goals, you may not have any guidance determining what you save or what you want for the future. Goals give you a roadmap to get from Step A to Step B and beyond.
Read MoreSetting long-term financial goals is a very wise move to make. They can help give your life direction and help motivate you to push through work every single day. While there is no one approach to setting and accomplish your long-term goals, there are some steps you can follow to give you a better chance at success.
Read MoreNo matter where you are in life, there's always the possibility of getting hit with an emergency. Your car could break down tomorrow. The hot water heater might blow. Alternatively, you could suffer a medical issue or injury that prevents you from going to work. The only way to protect yourself from this type of situation is to create an emergency fund that you won't touch until a real emergency strikes.
Read MoreIf you have younger children at home expect the cost of college to continue to rise. One estimate says the cost of a college education is rising eight times faster than wages. If one of your long term financial goals is to get your child to college graduation with the least amount of educational debt possible, it’s never too soon to begin saving for your children’s education.
Read MoreWhen you read the title of this article, you probably thought of financial goals for students as applied to older students. College-age people probably came to mind. However, for the best results, you need to start teaching financial literacy when children are in grade school.
Read MoreThere are two parts of setting financial goals for couples which can be tricky. The first is the “setting financial goals” part, and it comes with its own rewards and challenges. It’s the other part of financial goals for couples that’s often the trickier of the two, however – it’s that part about “for couples.” We’re going to start with that.
Read MoreTurning 40 is one of those milestone birthdays. You look back and think just how young 20 seemed. But when you look at 60 up ahead you notice how fast the last 20 years flew by and how soon you will be middle age and beyond. By the time you get to 40 you feel like really need to have your finances in order so that you can live your best life now and look forward to the years when you are retired from the daily grind
Read MorePersonal financial goals are important, but family financial goals are, too. When it comes time to set your family financial goals, you may think it is better to do it on your own. If your kids are babies and you have no significant other, setting them on your own is fine. If your kids are at least five or so or you do have a significant other, it is a better idea to include them in the process.
Read MoreGive your marriage a strong financial footing by considering some of the top money and marriage goals out there today. I’m about to hand you everything you need to improve your financial standing in the short and long term, and you can take every step as a unified couple.
Read MoreYou may not even know if what you are doing with your finances is good or bad. A good place to start is determining if you have a budget. If you do not, you are not in the best financial shape you could be. When you have a budget, you gain an understanding of your money and how you are spending it. Creating and sticking to a budget should be one of your goals. Continue reading to understand how to set financial goals.
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