Financial Goals

If you have been following the financial news as of late, you know that all the buzz is about how our economy has fallen on hard times.  You personally, may not be able to do anything about the "crisis on Wall Street", but how about your own personal economy?  What steps can you take to insulate yourself form economic hard times? 

Start out by setting some financial goals that are specific, with  beginning and ending dates.  The easiest way to do this is to answer the questions, WHO, WHAT, WHERE, WHEN, and WHY.

 WHO - Well it's you, of course

 WHAT - What do you want to accomplish?  Do you want to save $500 or do you want to pay off a credit card?

WHERE - Where will you get the money from?  Will you save it?  Will you cut your expenses?  Will you invest?

WHEN -  When will you begin and when will you be finished?

WHY - Why is this important to you?  This is what will keep you from spending the money instead of saving it.

Writing down your goals forces you to take the abstract and make it concrete.  Read them every day and realize that you can't do it all at once.  Moving forward one step at a time is what it takes to see your goals to completion.  Whatever the nation's economic condition, when you have met your financial goals you will be in much better shape.

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