setting financial goals

budgeting & beyond

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what's in this lesson?

Maybe you aren’t thinking about your financial future just yet… or maybe you think about it way too much!? Either way it’s stressful af. There’s a simple cure though and that’s this: setting goals. This lesson is all about how to set the right financial goals for you and your future so you can make sure to budget accordingly.

setting financial goals

budgeting & beyond

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  • Overview
  • Transcript
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setting financial goals

budgeting & beyond

Maybe you aren’t thinking about your financial future just yet… or maybe you think about it way too much!? Either way it’s stressful af. There’s a simple cure though and that’s this: setting goals. This lesson is all about how to set the right financial goals for you and your future so you can make sure to budget accordingly.

When you think about budgeting and financial planning, you might envision spreadsheets and math equations while experiencing feelings of extreme discomfort. We get it, adulting makes you want to scream into your pillow at times.

 

As much as you should be “livin’ in the now” it’s important to plan for your future so you can actually (ironically) “live in the now” in the future… make sense?

 

And one of the BEST ways to plan for your future is to set your financial goals.

 

There are 3 simple ways to think about your financial goals, so let’s break ’em down: short term goals, medium term goals and long term goals.

 

Note: the bullet points under each goal types are examples of what kinds of things fall under each section.

 

Short-term goals

  • reducing your debt
  • setting a budget
  • creating an emergency fund

 

Creating short-term financial goals will start to provide you with a clearer idea of your current financial situation (and that bodes well for the future).

 

Medium-term goals

  • consistently making student loan payments
  • getting different insurance policies
  • saving up for big life moments (ex: wedding, buying a house, going to the moon with Jeff Bezos, etc.)

 

Medium-term goals are the kinds of things you’ll want to build into your savings budget early-on so you can stay on track and reach each one.

 

Long-term goals

  • Save for RETIREMENT!

 

There are a lot of great ways to save for retirement like using a 401(k), IRA, Roth IRA, etc. For more info on how to save for retirement, check out our lesson on retirement & savings accounts.

 

Now that you know all the different types of #goalz, you’re going to want to ask yourself something:

 

What is it that you want out of this life?

 

OK, maybe that’s a little too deep, but hear us out! You’re going to want to be realistic about your financial situation and what goals you DO have for your life so you can plan accordingly. What’s your monthly income? What’s your monthly budget? These are the less existential questions that can help you set realistic goals.

 

Now don’t forget to infuse your financial goals with a little inspo.

 

Want a jet ski one day? Maybe you’ve got a dream dog breed you want to adopt and care for? Hoping to take a honeymoon in Bali?

 

Having some of these fun goals to look forward to can help you fuel your desire to budget & help you stay on track when the going gets tough.

 

Now go out there and set those financial goals, you got this!

 

 

 

 

what's in this lesson?

Maybe you aren’t thinking about your financial future just yet… or maybe you think about it way too much!? Either way it’s stressful af. There’s a simple cure though and that’s this: setting goals. This lesson is all about how to set the right financial goals for you and your future so you can make sure to budget accordingly.

Transcript

When you think about budgeting and financial planning, you might envision spreadsheets and math equations while experiencing feelings of extreme discomfort. We get it, adulting makes you want to scream into your pillow at times.

 

As much as you should be “livin’ in the now” it’s important to plan for your future so you can actually (ironically) “live in the now” in the future… make sense?

 

And one of the BEST ways to plan for your future is to set your financial goals.

 

There are 3 simple ways to think about your financial goals, so let’s break ’em down: short term goals, medium term goals and long term goals.

 

Note: the bullet points under each goal types are examples of what kinds of things fall under each section.

 

Short-term goals

  • reducing your debt
  • setting a budget
  • creating an emergency fund

 

Creating short-term financial goals will start to provide you with a clearer idea of your current financial situation (and that bodes well for the future).

 

Medium-term goals

  • consistently making student loan payments
  • getting different insurance policies
  • saving up for big life moments (ex: wedding, buying a house, going to the moon with Jeff Bezos, etc.)

 

Medium-term goals are the kinds of things you’ll want to build into your savings budget early-on so you can stay on track and reach each one.

 

Long-term goals

  • Save for RETIREMENT!

 

There are a lot of great ways to save for retirement like using a 401(k), IRA, Roth IRA, etc. For more info on how to save for retirement, check out our lesson on retirement & savings accounts.

 

Now that you know all the different types of #goalz, you’re going to want to ask yourself something:

 

What is it that you want out of this life?

 

OK, maybe that’s a little too deep, but hear us out! You’re going to want to be realistic about your financial situation and what goals you DO have for your life so you can plan accordingly. What’s your monthly income? What’s your monthly budget? These are the less existential questions that can help you set realistic goals.

 

Now don’t forget to infuse your financial goals with a little inspo.

 

Want a jet ski one day? Maybe you’ve got a dream dog breed you want to adopt and care for? Hoping to take a honeymoon in Bali?

 

Having some of these fun goals to look forward to can help you fuel your desire to budget & help you stay on track when the going gets tough.

 

Now go out there and set those financial goals, you got this!

 

 

 

 

Additional Resources

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