Building your financial security can be a juggling act and an ongoing on too! There are going to be goals that you have with different objectives and timelines. Some goals may be within reach with deadlines that are ASAP, while others may have deadlines that are decades in the future.
A great place to start is creating a master list of all of your goals. When you have a clear path of what you are trying to achieve, it is easier to plot your course of action. The biggest thing is making a plan, if you don’t have a plan you can’t achieve your goals.
Let’s start by breaking our goals down into short-term and long-term. List out your goals and the dates you want or need to achieve them by. A shot-term goal is one that you need to achieve in less than the next year. Your long-term goals will be those that are longer than a year.
If you are not sure what your goals are, start thinking about what you need and what you want. Make sure you have a 3-6 month emergency fund set up, if not, this should be at the top of your short-term goal list. Do you have children? You can never start planning to early for college.
Having goals and putting a plan in place is what will help you be able to financially achieve them. Sitting down with a financial planner is a great way to help build those plans, they can help you look at your budget and income and strategize the best way to put towards your savings.