FINANCIAL GOAL SETTING
Current date: __________________
· Purpose: To identify and create a plan of action for personal financial goals.
· Instructions: Based on personal and household needs and values, identify specific goals that require action.
SHORT-TERM MONETARY GOALS (less than two years)
| Description | Amount Needed | Months to achieve | Action to be taken | Priority |
| Example: pay off credit card debt | $1000 | 12 | use money from pay raise | High medium or low |
INTERMEDIATE AND LONG-TERM MONETARY GOALS (more than two years)
| Description | Amount Needed | Months to achieve | Action to be taken | Priority |
| Example: save for down payment on new home | $5000 | 60 | Set aside money in mutual fund | High medium or low |
NON-MONETARY GOALS
| Description | Time Frames | Action to be taken |
| Example: Set up file for personal financial records and documents | next 2-3 months | locate all personal and financial records and documents; set up files for various spending, saving, and borrowing categories |
Copyright 1998 Bill VanSteinberg
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