Posted by Abbi Scrutchfield on January 21, 2025
Setting financial goals for your present and future is the first important step to financial success and freedom. People generally get hung up on the numbers, but the most essential thing to consider is what is important to you. Do you want to buy a house, travel, support a loved one, pay off debt, build savings, or start to invest? Understanding your key values will allow you to set goals that matter to you.
Once you’ve determined your why, you must set goals to achieve it. When creating goals, it is important to be specific. We are more motivated when we know exactly what we are working for. Saying you want to purchase a home at some point carries less weight than saying, "I will buy a home in the next 5 years, and I will do so by saving X monthly."
The key to success is setting actionable, attainable goals for yourself. Feeling like this is something you can accomplish each month will help you stay consistent for longer. You will be shocked at what you can achieve when you know what you’re working for and how you’re going to get there.
January is a time to set new goals! Kick your year off right by thinking about your why and how you’ll get there.
Here are some resources for goal setting:
How to Set S.M.A.R.T. Financial Goals (With Examples)
45 Goal Setting Activities, Exercises & Games (+ PDF)
Disclaimer: This post is for informational purposes only and is not to be considered investment, tax, or financial advice. Cornerstone does not and cannot guarantee the accuracy or applicability of any information presented in this post regarding your individual circumstances. Please review your personal situation with your tax and/or financial advisor.
