Win With Your Money In 2012 – 2
Welcome to the latest series here at JosephSangl.com – “Win With your Money In 2012”
It is our passion to help people accomplish far more than they ever thought possible with their personal finances.
If you apply what is taught during this series, you WILL be able to win with your money in 2012. Happy New Year!
Part 2 Establish A Plan To Reach Your Written Financial Goals
In Part 1, you were encouraged to write down your 2012 Financial Goals. If you have not written down your goals, the rest of this series will not be very helpful to you!
Once you have established your written 2012 Financial Goals, it is time to establish a plan to reach each one of them.
For example, let’s say a “Savings Goal” of “Have $2,000 in my emergency fund by the end of 2012.” has been written down. There are two ways we can address this goal:
- Develop a plan to achieve the goal
- Hope and pray we achieve the goal
Having hope and praying for the goal can be very helpful, but without a plan, it is much less likely to happen!
One way to achieve the goal would be to “Save $166/month into my emergency fund.” That would total up to $2,000 by the end of 2012.
Another way to accomplish this goal would be to “Put $2,000 of my tax refund into an emergency fund.”
As these goals are developed, prepare a written spending plan (budget) for the year to help you clearly understand reality.
I recommend that you produce an ANNUAL PLAN and a MONTH-BY-MONTH ANNUAL PLAN that shows how each goal will be funded. You can use our BRAND NEW & FREE BUDGET TOOLS to prepare your plan!
- [download#97#nohits]
- [download#98#nohits]
TOOL: Annual Budget – Month By Month and TOOL: Annual Budget
Take the necessary time TODAY to develop a plan to achieve each financial goal you have established for 2012.
Read Entire Series (Available after 1/9/2012)
Spot on, fully agree. People with plans are far more often to also develop strategies to reach the goal. The plan can tell you where you are, where you’re going and how to close the gap. A website that calculates a retirement number won’t often do that much detail, so I recommend people add wise counsel to their research and get started on a real plan in 2012.
Thanks again for your words of wisdom, Joe.