Kiss me, I'm half Irish. But none of us, Irish heritage or not, need a leprechaun, nor do we depend on some lucky event for our future, to be at least frugally okay. Why? Because we have a plan! Here are the parts required for any kind of plan management.
1- Goal
2- Organize
3- DO it
4- Monitor, monitor, monitor
Goal- Our first job is to determine the goal. In our case we are making financial goals. The goals can be both long-term and short-term goals, retirement planning financial goals as well as summer fun savings goals. Discuss this with your honey and make them concrete.
Organize- Your goal will not get funded without effort on your part and that is step two. Set up accounts and arrange deposits to fund your goals.
DO it- Now you have to begin to fund the accounts. The more automatic you make the actions, the more certain will be your eventual outcome. So if possible, have a system that will work without your additional effort to process your money into the accounts that are funding your goals. Even if it's less than you'd hoped to deposit, you are making progress! And how awesome is that?
Monitor, monitor, monitor - Don't let years go by before you check on your progress. Know what's happening wih some regularity. It needed be every week or month. Depening on the goal and the length of time needed to reach it, make some time on the calendar when you think it would be reasonable to monitor your progress. There will be bumps in the road and these may make evaluation occur before you planned. But life is predictably unpredictable. Expect bumps.
You'll get there. You're doing an awesome job.
Citation:
Marion Syversen, MBA
NorumbegaFinancial
207.862.2952
Marion@NorumbegaFinancial.com
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