Money Basics

Simple Financial Goals

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Attention is expensive. I won’t waste yours—at least not today. If you strive for these ten financial goals, your life will improve. It’s a simple guarantee.

Build an emergency fund. It’s a safety net when life knocks you off the tight rope.

Create a budget. Spend according to that budget. Here’s how the experts do it. I use YNAB**. It’s fantastic.

In debt? Make a payoff plan. Debt is a monkey sitting on your chest, stealing your hard-earned bananas cash.

Track your progress. Use comparisons to your advantage e.g. average net worth by age. Are you where you want to be?

Know your long-term goals e.g. retirement. Make a plan to get there. Start now–the math supports you. Focus on your tax-advantaged accounts, such as a 401(k) or IRA.

Some spending fulfills you. Some does not. Maximize the former and minimize the latter. Consider the fulfillment curve.

Plan for the foreseeable future. The next car, next house, college education, etc. You know next Christmas is coming—plan for it now.

Give more, especially in utilitarian ways.

Goals are great, but make sure you enjoy the journey. Don’t hike the mountain only to check it off the list.

Turn financial behaviors into permanent habits. I have a YNAB habit. I have an investing habit. These behaviors are “inside my circle.”

That’s it. Ten financial goals you can start on today. Did I miss something obvious? Let me know below.

Thanks for reading the Best Interest. If you found this useful, subscribe to our email list.

**Note: you and I both get a free month of YNAB if you end up signing yourself (or someone else) up with the link above. No extra cost to anyone involved. You get a 34-day trial, and then an additional free month. That’s two months to figure out if you like it.


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About Jesse Cramer

I’m Jesse. I’m an engineer, a new owner of an old home, and an avid reader/writer. If you’d like to comment, ask a question, or simply say hi, leave me a message here, on Twitter (@BestInterest_JC) or on Reddit (u/BestInterestDotBlog). Many of my posts have been directly influenced by my readers. It’s the most fun part of writing this blog. And as always, thanks for reading the Best Interest.
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