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New Year’s Financial Info: Creating Financial Goals

by Kate

The New Year provides a built in mechanism for people to reconsider their financial position, taking into account both past mistakes and perceived future challenges or changes. If you’re gay and live in New Hampshire, now might be an especially good time to take stock of your finances as you make big changes.

Nina at Queercents has written an excellent round-up of resources for going about creating that list of financial goals. These types of resources are especially important, I think, because although a lot of folks know that they want to have goals, they don’t know how to implement them. Starting by what counts as a financial goal is a good idea, and Nina quotes a good definition:

Erin Huffstetler, the Frugal Living guide at About.com explains what a financial goal should look like. A financial goal states:

what you plan to accomplish
what resources you’ll need to make it happen
how much time you’ll need to make it happen
how you plan to make your goal fit into your overall budget and life

Her link to the Frugal Living Guide provides access to much more information, and a Financial Goals Worksheet that you can use to list and organize your goals.

Read the whole article; it has much more information and many more links. Good luck with your financial goals for 2008!

finance, GLBT finance, New Year’s resolutions, financial goals

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Posted in General on January 2nd, 2008

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