- Planning for financial goals
- Organize Your Banking Papers
- Organizing your Finances. Thinking Outside the Box
- Striving For A Debt Free Life
- Getting Accepted For A Mortgage With Bad Credit History
| Home Finances The Organized Finances Planning ahead to meet your financial goals
Money Planning 101Planning ahead to meet your financial goals
Make this year your year of financial prosperity regardless of how much you earn, whether you are in debt or a self proclaimed shopaholic. This article will show you how you can save for those big financial goals like while still finding the money to take care of the little ones.
Goals are important to help you make smarter choices. Recognizing that you are saving up for a car each month makes giving up eating out for lunch easier to bear if you know it will bring in an extra $200 per month into your car-kitty.
Now that the tax season is here, and you’re getting your finances into order, it is a great time to look at your budget for the coming year. Decide on a few goals for the future. Set a long term, medium term and a short term goal.
Goals need to be SMART: specific, measurable, attainable, realistic and timely (Johnson, P. 2008). Decide how much you need to save for your goal and by when you can realistically save the money for it. Keep the goal locked into a time frame. Make a note of it on your calendar where you can refer to it. ‘Someday’, gives you too much leeway to never accomplish it. Whereas if you give it a definite date to be achieved by then you’ve already pressed the goal into service for your unconscious mind.
How to Gain financial control
Financial control does not mean a life of drudgery where you don’t allow yourself to go shopping or an indulgence now and again with a night out. A balanced budget will help you save for not only the unexpected emergencies but for the little luxuries too. Personalize our savings plan to suit your lifestyle, budget and goals.
Living expenses: Most people who struggle to meet their financial commitments have basic living expenses that exceed 50% of their income.
Buying a new home
Buying property is a great way to build prosperity. Equity is stored in a house that you can harness later for other financial goals in the future like paying for your education or as collateral for your own business.