Tag Archives: planning
When was the last time you set financial goals for yourself, or for your family?
Financial goals are just as important as personal goals, professional goals, fitness goals, etc. Most people have a goal of retiring one day, but that’s about it. Aside from knowing they want to retire, they don’t have much of an idea of what other goals to set and how to get to where they want to be financially. But, I think I can help.
I recently read an article that suggested 4 financial goals you can (and should set) right now to help you start moving forward financially. I like the goals mentioned here and through they were worth sharing and discussing. You can read the original article here.
Goal #1: Monitor your credit report and score.
By now I hope we all know how important it is to have a good credit score and credit history. You may not be as familiar with your credit history as you think which is why it is a good idea to pay close attention to your credit report. With so many credit cards, debit cards, and online transactions taking place, it is easy to miss something that could adversely affect your credit score.
Saving for retirement is not a static event. You can’t merely put a dollar amount into a 401k at age 25 and continue for the next 35 years. Retirement saving is an ever-changing event that will depend on your idea of retirement. For those that want a more quiet retirement at home, less might be needed. And for those that want to travel and buy new things regularly, more might be needed.