Saving for a goal – Calculator
Whether you are planning to save for a vacation, new computer, or college education, and regardless of how far ahead you are planning, it’s important to have goals. You never want to rely on going into credit card debt that you cannot pay back in a timely manner to make a purchase. When it comes to setting financial goals, your goals should be SMART – specific, measurable, achievable, realistic, and timely. Your goals can be categorized by short, mid, and long-term goals. It’s important to realize that a saving a million dollars is not a feasible short or mid-term goal. Download ACCC’s free financial workbook here for a full financial goals worksheet as well as worksheets on everything from daily expense tracking and bill paying to household inventories, bank account comparisons, and credit card debt to income ratios and credit card option comparison.
The new year is always a time of resolution so it’s no surprise that many people decide to set their financial goals during the month of January. When setting financial resolutions for the new year, consider the advice that ACCC’s President and CEO offers in this Talking Cents blog post.