It does take some effort and the desire to make choices but reaching financial goals can be quite straightforward. Here is a quick ‘how-to’.

1. Decide on your top 2 or 3 goals.
2. Prioritize them, blending short and long term goals based on how motivated you are to attain each one.
3. Clarify and quantify them*.
4. Determine how you will achieve them.
5. Incorporate into your monthly budget.

*Be specific with respect to your vision for each goal. If you want to take a vacation then think about where you want to go, what time of year and how much it will cost.

For Example: If you want to go to Hawaii next February then you have 1 year to save. Don’t forget to consider the various costs such as flight, accommodation, food, entertainment and transportation. Do a little research so you know what to expect. Maybe you will go with family or friends and can share some expenses. Also give them time to save their pennies! An estimate of $5,000 for 2 people is not unrealistic. Just under $420 per month to save between now and next February. Divided by 2 people is $210 each per month. Determine how you will save for it and set aside the $210 each month. What a great trip to look forward to!