Dream It. Achieve It.

How to Set and Attain Financial Goals

Determining Goals

If you had to choose between sitting down at the kitchen table and setting goals or sitting on the beach in the Caribbean, you would probably choose the beach. But how would you pay for the airfare? Hotel? Food? What about souvenirs?

Setting financial goals may not be very exciting and fun, but it can help you save for and achieve exciting and fun things. There’s also those things that may not be quite so exhilarating but are still very important, such as having enough money for retirement or your child’s college education.

You could just wait and see what is left over at the end of the month after you pay your bills, but since it's easy to get in the habit of spending what you make, you may wind up having no savings at all if you take this approach.

By taking the time to think about what your goals are, how much they cost, your time frame, and your regular obligations, you’ll know exactly how much you will need to save each month. This will help determine what changes you need to make to your current budget, so that you can reach your goals AND pay your bills with ease!

Do you want to buy a new computer in a year? Have a down payment for a house in four years? Be debt-free in five years? You can easily list your goals and time frame on the BALANCE Financial Goals Chart by clicking here.

Whether you’re in the market for a new home or car, or simply saving for the upcoming holidays, Pen Air FCU is here to help you save, with long and short-term investments designed to meet your specific needs, visit http://bit.ly/StashYourCash. 

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