Do you dream of owning a home? Or taking a European vacation? These dreams are, in fact, absolutely achievable. You just need to give yourself enough time to get there!
Consider creating different tiers of goals. This will not only strengthen your current finances but also give you more freedom in the future.
- Short-Term Goals: These are what you can accomplish within two years, like debt repayment, buying a new home appliance, and having an emergency fund to cover a month of expenses.
- Mid-Term Goals: Do you want to save up for six months of unemployment, or a new car? Give yourself five years or less to accomplish goals of this scale.
- Long-Term Goals: These include retirement, buying a house, and living abroad. While long-term goals seem intimidating, they are possible with regular saving and planning.
Goal-setting can shift your financial future from overwhelming to obtainable.