personalfinance tip

Make Financial Goals

Goals, in general, are great to have – they give you something to work towards and they're motivating. When you're coming up with financial goals, follow these key points:

  • Be specific – Instead of saying you want to save money, come up with an exact amount you want to save, like $1,000.
  • Think short & long term – You want short-term goals to keep you motivated and long-term goals so you know where you're headed. Your short-term goals should be small wins that get you closer to accomplishing your long-term goals.
  • Review and update – Every month you should be looking at your goals, measuring your progress and coming up with new goals.