In today’s society, with so many demands on our money, retiring is a challenge.
“With so many money distractions, having a system to get on track to retire earlier — and stay on track — can help. A weekly money meeting, an appointment you keep with yourself or your partner if you have one, can be a great start. ” Ask yourself these questions and more (10 total from Forbes):
- What do I want to do in five or ten years that I need to start saving for now?
- What is a major financial goal that I would like to accomplish within the year?
- What steps do I need to take right now to reach that goal?
- More questions on Forbes’ article here.
“Did you make New Year’s resolutions this year? Unfortunately, there’s a pretty good chance that any resolution we make won’t be kept. This can be particularly true of financial goals, which can often feel confusing and overwhelming. Here are some steps to help make those financial resolutions into a reality.”
“1) Set SMART goals. When we set a vague goal like “save more money” or a seemingly insurmountable one like “pay off all debt,” we’ve already set ourselves down the path to failure. Instead, you want your goal to be SMART: specific, measurable, attainable, realistic, and time-sensitive. Rather than “save more money,” a SMART goal might be to save an extra $5,000 for emergencies by the end of the year…” (Carter, Erik. Forbes. “How To Make Those Financial New Year’s Resolutions A Reality.” https://www.forbes.com/sites/financialfinesse/2018/01/07/how-to-make-those-financial-new-years-resolutions-a-reality)
Read the entire Forbes article here: “How To Make Those Financial New Year’s Resolutions A Reality”.