4 questions you must ask when setting financial goals

by Chris Gottschalk, First Alliance Credit Union

On the surface, setting personal financial goals seems easy. All you have to do is think about what goals you’d like to work toward to get the future you desire. In practice, though, it’s easy to be overwhelmed by the number of goals you might think up and be left wondering which goals you should prioritize.

If you’re nodding your head in recognition, don’t worry. There are some questions you can ask yourself while you’re prioritizing your financial goals that will help you figure out which ones are most important.

What questions should I ask to help me set good financial goals

Is this goal essential?

This should be the first question you ask about any financial goal you’re considering. Not every goal has to improve your personal finances, but you should prioritize those that are over those that aren’t, especially if you’re just starting to set goals. Some examples of these essential goals are:

  • Creating a monthly spending plan

 

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