Instructions set financial goals

There is a saying if you do not know where you're going, you might end up somewhere else and not even know it or in other words the direction of your goals if you do not know want to get lost.
Setting financial goals is the foundation of the process of planning, implementing, and monitoring the progress of your financial planning.

 

 

 

 

 

The things that you can make the handle in setting financial goals are as follows:

1.  Realistic financial goals should be based on the amount of income and your living conditions.
    For example, is probably not a realistic thing to realize if you have plans to buy a car once a year for a new you and a new college graduate to get a job.
2. Specific and measurable, clearly know the amount of funds you need and how you get it.
   For example, you need 50 million for a down payment for a house payment in 3 years and now you can set aside each month of your expenses for stock mutual funds invest in XYZ company.
3. Target time, as in the previous example, that you have a target of three years to achieve. determination makes you a target date to assess the progress of each planning financial goals.
4. Actions to be taken, your financial goals is the basis of a series of other steps that you will do.
   For example, adverse or stop debt with a credit card so that you can invest or looking for a side job.