How to Set Financial Goals & Avoid Failure

Setting financial goals does not have to be complicated.  Here is how to set financial goals you can achieve.

Decide where you see yourself in 10 years.  These are your long-term goals. 

Some examples to think about are:

*Being debt free *Have moved into a new home *Be working part-time

When you write your goals you want them to be specific, measurable, & achievable.  You also want to set a time limit to them to help you stay motivated and focused.

Come up with your intermediate goals.  The time limit on these should be between 6 months and 2 years.  These goals should be steppingstones to your long-term goals.

Some ideas for intermediate goals are:

*Pay off a specific amount of debt *Save a certain amount toward a down payment  *Fully fund an emergency fund

Lastly, come up with short-term goals.  These goals don't need to be directly related to your long-term goals but should help you improve your overall financial situation.

Some ideas for short-term goals are:

*Pay off a small bill *Open a savings account and start automatic deposits *Decrease your monthly food budget by meal planning

Swipe up for more information on making financial goals and how to work towards them.