Financial Literacy Month – Tip #24

“Setting goals is the first step in turning the invisible into the visible”. ~Tony Robbins

Financial goals are unique and personal to every individual and family. Regardless of what your goals are, take the time to write them down. Having written goals will help you stay focused, measure your progress and keep you motivated.

Below are a few financial goals to get you started:

  • Debt Reduction – pay down credit card, student loan or mortgage debt.
  • Increase Savings/Retirement – grow a savings/retirement account.
  • Kids Funds – save for future college expenses, summer camps, or sports activities.
  • Buying a Home – save for a down payment to purchase your dream home.
  • Plan a Vacation – save to go on vacation (versus charge & pay later).
  • Start a Business – build a reserve to pursue your passion and open a business.

Once the goals are written, review frequently. Visually seeing and reviewing your progress will help you maintain momentum to achieve each financial goal. Tomorrow, we will use your goals for a fun and creative exercise! 

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