Goals

Where do you want to be tomorrow? next month ? next year? when I am 5 years older…….. when I retire?

Goals are dreams or wishes that could come true. If your goals are specific enough, you will be motivated to balance your spending and savings to reach your goals.

Goals motivate and encourage you. Don’t give up on your goals.

Determine how long you need to realize each goal and
the money you will need to put aside to reach your goals.

Short-Term Goals
(to be met within the next year or so)
Specific Goal Estimated Cost Target Date Monthly
Example: Vacation $1,500 1 year $125

  1. ___________________________ $_______________ ______ $_______________
  2. ___________________________ $_______________ ______ $_______________
  3. ___________________________ $_______________ ______ $____________

Intermediate Goals
(that can be reached within five years)
Specific Goal Estimated Cost Target Date Monthly
Example: Used car $7,200 3 years $200

  1. ___________________________ $_______________ ______ $_______________
  2. ___________________________ $_______________ ______ $_______________
  3. ___________________________ $_______________ ______ $___________

the longest to achieve, 10 to 15 years or longer)
Specific Goal Estimated Cost Target Date Monthly
Example: Down payment for a home $75,000 10 years $625

  1. ___________________________ $_______________ ______ $_______________
  2. ___________________________ $_______________ ______ $_______________
  3. ___________________________ $_______________ ______ $_______________

After goals are listed and prioritized, a workable monthly budget or spending plan should be developed. This plan for spending and saving requires
an estimate of your net income and expenditures. For best results, a
budget should not be too complicated or rigid, but must be realistic.