Financial Planning, Money problems, Financial Goals

Home | Debt Consolidation | Debt Management | Credit Counseling | Consolidation Questions | Contact Us
Financial Planning Basics - Where to begin?
Financial Planning, Financial Goals
Financial Planning | Budgetary Steps | Budgeting Advantages | Budgeting Benefits | Potential Pitfalls
Money Saving Tips | What Is Cash Flow? | Budgeting Temptations | Flexible Expenses | Plan For Savings
Some Spending Guidelines | Developing a Spending Plan
Money problems affect us all, no matter how much or how little we have. That's why financial planning is so important. It's hard to think about the future when pay day is a week away and the checkbook is empty. You can make your money stretch further if you learn to manage it carefully.
Financial Planning


    You can make your money stretch if you:
  • Know what you want to do with your money.
  • Know where your money goes.
  • Know how to keep your money longer.
  • Plan your spending in advance.
  • Know and keep within your credit limits
Future Plans for your Money - It is necessary to take a look into the future and see where you want to be before you can get there. Families set their financial goals based on their values. One family's goals will be different from another family's. Here's are some examples of goals:

  • Own my own home
  • Payoff all debts
  • College for my children
  • Take a family vacation

    Think About Your Goals - A listing of goals could go on and on. It just depends on your family's needs, wants and desires. Included with this lesson is a goal worksheet. It will help you plan your family goals. Now is the time to think about what you want. Take time to write down your goals, so you can see what is really important to you, your family and what you really do want for the future. Financial goals are the specific things you want to do with your money within a certain period of time. They will give you a purpose for the way you will spend your money today and tomorrow.
      You should plan for goals that are:

    • Short Term Goals: Things that can be done soon. Perhaps in a week, or a few months, but no longer than a year. Ex: Buy new clothes, save for a vacation.
    • Intermediate Term Goals: Things that can be accomplished in 1-5 years. Example: Buy a new car, payoff debts.
    • Long Term Goals: Things you would hope to achieve in 5-10 years. Ex: Buy a house, put children through college.


    As you set your financial goals, remember these three basic ideas:

    Set realistic goals - Ones that are set too high may frustrate you and cause you to abandon your plans. Maybe it is impossible to save $ 100 a month right now. Why not try for $25 ?

    Be specific: - State your objectives concisely. If goals are vague, they may never be met by you. Be flexible. Plans may require adjustments as your income and life cycle change. Don't be so rigid that you have to start over with an entirely new plan. For example: An unexpected expense comes up. You can't save the entire $100 that month. Don't let that get you off track. Continue to set aside something towards your goal no matter how little it might be.

  • Debt Consolidation | Debt Management | Credit Counseling | Consolidation Questions
    Fully Certified Consultants
    Free Consolidation Quote
    First Name
    Last Name
    Home Phone
    Work Phone
    Home State
    Email
    Unsecured debt
    Monthly Income
    Are you current or past due?

    Budget Planning

    Creating a Budget & Tips for Consumers
    Credit Issues & Things to Know About Credit Cards

    Collections

    Credit and Your Consumer Rights
    Fair Debt Collections Practice Act

    Bankruptcy

    Bankruptcy Laws, Chapter 7, 11, 13

    Terms To Know

    Important Definitions

    Credit Reports & Credit Score

    Find Out What Your Credit Score Is
    Free Credit Reports
    How to Dispute Credit Report Errors

    Debt Resources, Debt News & Articles to Learn From

    News, Articles, Learning From Others Debt Experiences

    Additional Debt Resources


    { Financial Planning & Creating a Budget }

    United-Debt-Consolidation.com