How to Achieve a Financial Goal
- 1). SETTING YOUR FINANCIAL GOAL
Say you want to own a brand new truck or a brand new house, sit down and put it into writing. Make a list of the financial goal that you want to achieve and how you plan to achieve that certain financial goal. Example.
Financial goal- New house.
Finance 1- Save the money for the new home down payment.
Finance 2- Save money for the new house.
Strategy- Buy the new house. - 2). SET YOUR PRIORITIES
Write a list of everything that is in your daily life or your monthly budget that you can live without and put that money towards your financial goal. Managing priorities make a big difference when you are saving to achieve a financial goal so get rid of anything that is not a priority at least until you meet your financial goal. - 3). WRITE A BUDGET FOR YOUR FINANCIAL GOAL
Now that you have your financial goal set and your priorities in check. Sit down and write a new revised monthly budget. Look at the difference in your new revised budget and your old budget and take that savings and add towards your financial goal. - 4). READY,SET,GO
When you have completed the above steps and you are ready, take action and start your newly advised budget to start saving money for your financial goal. Once your savings amount has been met, you have reached the time to achieve your financial goal.
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