Setting Financial Goals

Setting a goal is a lot like following a diet, you need to plan ahead of time what you need to do to be successful and follow it every day without straying.

If you plan on saving up for a vacation make some calculations on how much per week you need to put away and start saving. Small amounts over long periods of time make up for more than you think.

And if you don’t have the income necessary or you don’t have any income at all, the plan will be longer but you can still make that plan. However, it should start with the steps needed to acquire the skills and capabilities of a job you wish to obtain. Value offering is extremely important in this case.

But lets once again imagine you want to go away for a one week vacation in the tropics. If you start saving 4 months ahead of time instead of 4 weeks, obviously, you will need to save less per week and that’s idea.

Put away small amounts so that it doesn’t interfere with your normal expenses. If you can’t spare any extra money to save consider cutting out one or two meals out, ideas like this can save you enough to be putting aside for the vacation.

Trust me, once you’re at the end goal it feels a lot better to spend that money debt free than to have to put it all on a card. You almost feel like you’re getting an all-expense paid trip depending on the lavishness of it of course.

So remember, plan ahead, start early and commit to the plan.

Hope this helps!

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