Financial Goals

May 11, 2009 by admin

Financial Goals

The need for financial goals

How to get going

The need for financial goals

Typical short-term goals

• Debt elimination
• Family vacation
• Downpayment for home

Typical long-term goals

• Retirement
• College for children
• Start own business

How to get going

1. Find out where you are now
   • Spending records
   • Net worth calculation
2. Eliminate expensive debt
3. Build up an emergency fund
4. Get adequate insurance
5. Think about buying a home
6. Save through retirement accounts