With the year coming towards an end, now is a great time to start making your financial goals. Where do you want to be financially at this time in a year? 5 years? 10 years? While goals may change over time, setting yourself up for success today can help any goal come true. Don’t forget to discuss your financial goals with your partner so you are on the same page!
My financial goals for the coming year are as follows:
- Pay off the rest of the student loan debt. We currently have about $20k left and we hope to pay it all off in 2015
- After the student loan debt is paid off, create a plan for retirement. Yes, I am in my 20s, but now is prime time for investing for retirement as the money will have the most time to mature over the course of my career.
- Start work on finishing our basement to add value to our house.
- Start planning financials for having kids. We don’t plan to start a family in the next year or two, but it is still a good idea to start saving and financially preparing for kids. Kids bring with them a lot of expenses and the more prepared we get now, the better off we will be in the long run.
What are your financial goals? What do you hope to accomplish in the next year?