Financial Health Steps – #12: Set short-, mid-, and long-term goals — NMBankruptcyBlog.com

This is the 12th in the series started here following a 30-step program in financial literacy over at the FinancialLiteracyMonth.com website.

Here’s from their Step #12:

Be sure every goal has a specific purpose, a dollar amount that it will cost, and a realistic target date.

With this post, the site above provides a Financial Goal Worksheet. It helps you identify your goals as short-term, mid-term, and long-term, with assigned target dates for completing each goal, and more. An example of a short-term goal might be to stop carrying interest-bearing debt (credit cards) except for big necessities like your mortgage or student loans. You could schedule how you will reduce the balance on your highest interest credit card, and then use it only for things you can afford to pay off in full each month.

Earlier posts in the series: #1: Commitment to change, #2: Assess your financial situation, #3: Clearing out financial clutter, #4: Set yourself up for success, #5: Get copies of your credit reports, #6: Clean up your credit report, #7: Make your money count, #8: Identify your starting point, #9: Do You Pass the Debt Test?, #10: Set your priorities, #11: Set SMART financial goals

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