set goals and budget

Set goals and budgets

The birth of the child is necessarily make us happy. If you’re male  , it was the first time felt a new experience as a father. If you’re female , the birth of child will be you’re real women. Women usually more proud if she could give offspring. But increase of the number of members in the family make you have to set new financial goals. This change is caused by financial demand in your family that will also change. Say if you’re still living with parents ,now  both of you want to stay separate from their , or if your family are still living in rented house, now with the birth of a child make you both want to have your own home later.

And other plan change for example about vehicle , about the needs of children , and other necessities . to fulfill this new desire , of course you should change your financial plan. Thus , you can define new steps to achieve that desire.

Sometimes to achieve a great goal in the future , we have to break another big goal into smaller goals to accomplish in one by one. When small goals that are fulfilled one by one. so, the major was to be achieved.

 principle of live is very boring if you live without goals by following the water flowing. This should be avoided.....

You also have to have purpose in your mind. Your purpose can be material or non material. Don’t you work just so i could eat, but ordain a purpose why you work. You might want to be more prosperous in the future, maybe you just put your current job as a stepping stone to achieve higher carier. For you who stay home to care for children. You ever have to have purpose. As an example, you want to raise your own children in your own away that you can not just hand it over to a nanny.

What should be considered in making financial goals.??

1.      Specific and measurable

The financial goal that you set should be specific and measurable with particular value for money. Example, not enought if you only have a financial goal like buying a new car soon. Would be better if the goal is to buy a new vehicle branded ABC(specific) with a budget price RP. XXX,- (measurable).

2.      Have a target date

Your financial goal should have a target time. When the goal is to be achieved?? Maybe a year, three or five years from now. Not just a few years but obviously time. If necessary, can be equipped with the moon even date. As an example, in december 2014, and on 17 may 2015, and onwards.

3.      Written

Your financial goals shoulds be made in writing. Common mistakes people in setting financial goals is not to write. They just set it in mind. Then forget about it in a few days. By writing, then your subconsciously mind will work and find ways to achieve those goals.