Thursday, February 21, 2008

Write Down Your Financial Goals

Setting goals is the first step to financial success. Writing your goals down will help you focus on your future and gain control of your finances.

Your goals should be specific and measurable. Instead of writing, “build an emergency fund,” you might write, “build an emergency fund worth $30,000.”

Your goals should be realistic and achievable. Don’t make your goals too attainable, however. Meeting your goals should require focus, motivation, commitment, and discipline.

Your goals should focus on the near term (1 year) and the long term (more than 5 years). Monitor your goals on a regular basis and don’t be afraid to adjust your goals based on your ongoing progress.

Write your goals down today and begin to put your financial plan in motion.


Copyright 2008 Daily Money Tips - All Rights Reserved

The articles on Daily Money Tips reflect the opinion of its author only and should not be considered professional financial advice. Please consult a financial professional before making any major financial decisions.