Financial Basics

Getting Organized

Take Control

Build Your Credit

Banking Basics

Taking the Next Steps

Determine Financial Goals

Creating a Budget

Building Your Career

Borrowing Basics

Investing for Your Future

Investing 101

Saving Strategies

Choose the Right Investment

Investing Online


Increase Your Earning Power

Tuning Your Career

Negotiating for Success

Changing Careers

Going Back to School

Starting Your Own Business

Smart Borrowing

Take Control of Your Debt

Paying for Major Purchases

Getting a Loan

Finance an Education

Managing Your Finances

What's Your Net Worth

Managing Daily Finances

Tax-Planning Strategies


Plan for Financial Success

Creating a Financial Plan

Achieving Short-Term Goals

Plan for Long-Term Goals

Retirement Planning Basics

Investing Wisely

Investing Considerations

What's Right for You?

Investing Techniques

Preserving Your Wealth

Reallocating Your Assets

Insurance Options

Wills and Trusts

Plan for Heirs

Gifting to Family & Charity

Search Ms.Money
Search this site
powered by FreeFind

Search the Web

Search the web for information on personal finance.


Determine Financial Goals

Establishing financial goals is just as critical as making them happen-you have to know what your goals are before you can figure out how to achieve them. And once you determine your goals, you need an action plan to make them a reality.

There is no right way to establish financial goals. However, our goal setting worksheet and these steps will definitely help you get started:

  1. Determine your short-term goals. Think about what you'd like to achieve in the next three years (buy a house, pay off credit cards, save $100 a month in an investment account).
  2. Determine your long-term goals. Decide what you'd like to achieve in ten years or more (pay off mortgage, retire at age 50, buy a second home). In some cases, your short-term goals will help you achieve your long-term goals.
  3. Make your goals specific. They should be concrete and measurable. For example, "I want to be rich when I retire" could become, "I want to be able to spend $5,000 a year for travel after I retire at age 65."
  4. Make your goals actionable. What specific steps will you take to achieve your goal? Perhaps contributing more to your 401(k) plan or bringing lunch to work instead of buying it. Whatever your goal may be-it needs an action plan to make it a reality.
  5. Take action immediately. Even by just making a phone call or looking up information, your goals will feel more real and reachable.
  6. Make a list of your goals, review it often and share it with family and friends. Constant reinforcement and support are invaluable to achieving your goals.
  7. Don't give up. If things don't happen as you originally planned, then just redefine your goal or action plan.



Site Map | About | About Tiffany Bass Bukow | Contact Us | Privacy | Terms of Use


Copyright 2006, Inc. All rights reserved. is a trademark of, Inc.