A financial goal starts with a time frame. Already sound too complicated? No worries, there are only two options, 30 days or 90 days. Anything longer and you risk losing motivation, or more likely, simply forgetting what goal you set.Once you’ve determined your time frame, it’s on to the goal itself. This part can get a little complicated. It’s easy to say, “I want to save for a down payment”, it’s much more difficult to determine you will save exactly $1,000 toward your down payment in the next 30 days. Setting a specific goal takes intimate knowledge of your financial behavior.While setting realistic goals takes work up front, the pay off is you’ll actually be able to meet them. This is the beauty of a realistic goal. Meeting one goal, motivates you to complete the next one, and then the domino effect is in place.
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