This post is also appropriate for www.thebargainhuntingmommy.blogspot.com
I try to keep my blog posts written specifically for each blog, but it doesn't always work that way.
I am currently reading the book "Does this make my assets look fat?" It's a woman's guide to financial understandings. From little things like budgets and shopping to the big topics like stocks and bonds. It's a GREAT book. i checked it out at our local library. I encourage you to do the same.
one of the things that really stuck out in my head was the whole GOALS chapter. I understand goals, but i've never sat down with a pen and paper and prayerfully considered what my short, mid and long term goals are. I mean sure, I have blogged about my financial goals for this year but I haven't looked at the BIGGEST picture. So I started doing that this weekend.
Short term goals: These are to be completed within 2 months and 1 year.
Mid goals: 2-6 years. Something you expect to happen in the "next few years."
Long term goals: these may be a lifelong process. An example would be contributing to a 401k or an IRA. this is not something that can just be completed one day soon.
It makes you think--what would you REALLY like to see happen this year? in 5 years? in 30 years?
I've started my list... not complete yet but here's what I have so far.
Short term goals:
Pay off my car (next few months)
Pay off credit cards (next 3 months max.)
Save 2 months worth of bills
Pay off student loans (not much in there, but I need to do it)
Have 10,000 in savings
Contribute to IRA faithfully (max it every year-$6,000)
Pay cash for a new car in about 4 years(if mine lasts til then)
Long term goals:
Buy a house (with at least 30% down)
Have a GOOD retirement saved up!
Some of these may seem silly, or seem like they aren't "goal" worthy, but to me these are the things that keep me from spending when i want to. These goals keep me in "check". Dave Ramsey always says that you HAVE to see milestones along the way. That's why he says you pay off your smallest debt first. That way you see the progress and can get excited about it.
So there ya have it... my goals.
What are yours?