Careers and Finance

Self-management: 7 Steps to Setting Your Financial Goals

man financial goals

We are all striving towards financial freedom, but if you aren’t, I envy you. Many people may argue that they are still young or their income may not allow them to plan their finances. But nothing could be further from the truth.

In adulating, you will no longer worry about who to do my homework for me, because you will have a lot more important things to think about. Be it owning your first home, or buying the car of your dreams. So, how do you set financial goals?

This article will teach you how:

  1. Find out What Matters

The first thing to keep in mind is that as you set financial goals, ensure that they are SMART. Which implies; goals that are Specific, Measurable, Achievable, Relevant and finally Timely. What are your short and long-term goals?

You could be contemplating starting a college savings plan for your kids. It could be buying a more comfortable home for your family. It gives you a sense of direction of what you want to achieve in the end.


  1. Prioritization

You wouldn’t be looking for a website that will do your homework if the deadline for submitting your assignment wasn’t around the corner. You have several goals that you want to achieve, but at the moment, you can’t meet them all, at the same time.

You now need to choose whether you will work on your goals simultaneously or stack them. The key areas that you should be contemplating are, repaying your debts, saving for retirement, saving for an emergency.


  1. Budgeting

Assess how you spend your money. A standard budgeting rule is the 50/20/30 rule. Where you 20% of your income goes to your financial priorities, e.g., savings. Then, 30% is for lifestyle expenses, such as shopping and entertainment.

The bulk of the money, 50% goes to the necessary expenses. That is utilities, housing, groceries, and transportation. Cater for all your costs even those that you do quarterly, or semi-annually.

The bottom line is that you should have a realistic budget.


  1. Automation

It will take off the burden of having to remember every payment date. Chances are you may forget, and if you forgo a payment, there are penalties to pay for, which you could have avoided. Get your service provider to automate your payments.

Start by saving before you use the cash on anything else. Be it monthly or weekly. Use the percentages for budgeting. When you get a raise; save it, too.


  1. Smart Shopping

When you make smart shopping decisions, you save more without making more money. Refrain from impulse buying, believe me, it could be difficult, but it is possible. When you go shopping, take your cash only.

Rather than buy a commodity that you regularly use in bits, buy it in bulk. Be on the lookout for off-season bargains and sales. Make use of coupons. Don’t forget to compare prices. You would do the same when looking for finance homework help, wouldn’t you?


  1. Invest

Find viable avenues to make more money. It could be in mutual funds, real estate, bonds, stocks, etc. Though they offer a high return, they carry more risk. Get a financial advisor to advise you, if you have to.

Choose an investment vehicle and have your bank deduct payment from your account and transfer them there. It will help you in achieving your long-term objectives. For the education of your child or for retirement.


  1. Monitor Progress

You will need to review and update your financial plans, periodically. It is not a one time and done deal. Find time to go back to your goals, check your budget and see if it’s in line with your plans. If not, adjust them accordingly.

Take into account any changes in expenses or income. What progress are you making? Rectify the areas that could be veering you away from your financial goals. Find time to go over your financial goals every time you are about to go through a life event that will change your finances.



The sure way to reach financial freedom is to plan for it. Don’t say you didn’t know where to start, we’ve got you covered. Start your journey of financial planning, today.




 About Author

Byron Johnson is an amateur guest post writer and he works as a content manager. He specializes on “do my homework for me” services and on writing useful articles for students. He likes to cover topics related to education and daily college life. Byron’s life motto is “Success is simple. Do what’s right, the right way, at the right time”.

A student, Part-time Blogger, freelance writer and an OAP. Want to know more about me? click my social media links.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.