3.1 learning

By Mattk_45
  • 1 CE

    Goals & Budgeting Decisions

    in order to do anything in life you need to set goals. Well its just the same with financial decisions. You need to set goals on what you want to spend money on. Once those goals have been set you need to plan out how you're going to spend your money, or make a budget.
  • 1 CE

    Setting Financial Goals

    Financial security should be one of the first goals you have in mind. Most experts say you should have enough money to live for 3 months in case of emergency, you should put aside 10% of your income until this goal is met
    • Buying a house (long-term).
    • Saving ten percent of income every month (short-term).
    • Saving to buy a car in two years (intermediate).
    • Paying off all student loans within five years (longterm).
    These are a few very important goals that you need to set goals for
  • Period: 1 CE to 1 CE

    How to reach your goals

    • Identify your Goals. Make a list of your goals. Thing like vacations, buying a house or car, and retirement could all be valid things to save for
    • Make a Plan. Once you have a goal make a budget and plan out how you're going to spend your money or more importantly not spend it to accomplish your goals
    • Start Saving. Saving money is the easy part all you have to do is set it aside and don't touch it