Setting goals is an important step that can guide our decisions about money. For most of us, our goals include our children’s college education, weddings, family vacations, retirement, a cause that inspires us, and maybe a significant hobby. Some people may want to save enough to start their own business or buy a boat or a vacation home. And some people need to have enough money to adopt a child or provide extensive medical care for a family member. Setting clear goals is a key to success.
When you are setting goals, you need to pay special attention to planning them. The planning phase of goal setting is easy for some people and more difficult for others. If you don’t plan well, you may not even have a goal to reach for.
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