First, determine what your goal is, and be specific. If you want a car or house or new computer, how much money will it cost you and in what time span would you want (or need) to accomplish it? Be sure that this goal can be reached. If not, search for alternative or long term solutions or more reasonable goals. Setting unrealistic goals will only bring you frustration and distress.
Next, determine a reasonable amount of money to save on a regular basis, which will allow you to reach your goal. Also, it is important that you know where that money will come from every time. Use specified amounts, for example: "I will save $50 of each paycheque."
Set some other deadlines and sub-goals to judge your progress. If you need to save ten thousand dollars, determine when you should have saved two thousand, and five thousand, and adapt your strategy as needed. Always try to save more when possible, you never know when some unforeseen problem may arise.
Make sacrifices. To reach any financial goal will involve a sacrifice of some kind. You may have to give up certain activities in order to cut down on excess expenses. Identify which things you do not need and can be relinquished for a while.
Setting goals for your financial desires is easy if you're willing to give it a try. Doing so will help to motivate you and keep you on track for your needs. They help ensure that your needs are met regardless of circumstances that may arise.
About the Author
Kath is a businesswoman and devoted student of personal development. She is founder of The Awakening For Life Team which is part of the huge growth in Australia of LifePath Unlimited. Kath is a mother or two young girls, and lives on the beautiful south coast of NSW, Australia. Visit http://www.awakeningforlife.com
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