Philippians 4:13 – “I can do all things through YAHWEH which strengtheneth me”

 

Step By Step: Meet Your Financial Goals

There are steps you can take to meet your financial goals. Before you can reach your goals, you have to know exactly what they are.

First, consider what makes you feel happy and secure. You must name your goals.

Having lots of money may make you feel financially secure, but if your well-paying job makes you miserable, it’s not the answer.

 

 

Write down what you need in life to make you happy and secure. Then you know what you’re working toward.

Happiness is an overrated word. Making it happen requires getting specific.

Some people need more money than others to feel secure.

 

 

When you list these goals, be time specific. I don’t know anyone who wants to take 9 years to buy a house?

Meeting your goals requires setting financial priorities. It makes sense to create a list into long-term and short-term goals.

 

 

Paying off any high interest debt should be your priority so that you can contribute more to your savings fund over the coming years.

 

 

Reaching your goals

Your long-term goals are essential and so are reaching your goals, whatever they may be.

Choose which financial goals are the most urgent and give them priority.

Before you spend money, you should consider if doing so will help you achieve your goals.

 

 

Life will throw you challenges, requiring that you remain flexible. One of the best ways to meet goals is to track your activity.

This is as true in finance as anything else.

Once you have an idea of where you put your money every month, identify areas where you can cut back.

 

 

This could be shopping around for cheaper household bills, eating out less, or shopping in a more budget-friendly way.

Once you’ve managed to reallocate some of your monthly spending, you can funnel this cash into your goals, savings, or an emergency fund so you can stay on track with your finances.

Happiness and security don’t just magically happen. You have to plan for them.

 

 

Conclusion

Saving money for a purchase is a tale as old as time. Once you’ve identified what’s important to you, you need to figure out what is achievable in the short.

If you aren’t working toward anything specific, you’re likely to spend more than you should.

You’ll then come up short when you need money for unexpected bills.

 

Thinking ahead does give you a chance to work through things that could happen and do your best to prepare for them.

This should be an ongoing process so you can shape your life and goals to fit the changes that will inevitably come.

Its a good idea to review your expenses on a month to month basis. This helps keep you on track to meeting both personal and financial goals.

 

 

DISCLAIMER: I am not a financial adviser. This site is for educational purposes only. It is imperative that you do your own research. I am sharing my opinion from personal research and experience with no guarantee of gains or losses on investments, finance etc.

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