It is always a healthy practice to set realistic goals for your life. The key is knowing is distinguishing between a realistic goal. My philosophy about goal setting is a little different than others. I don’t believe that an unaccomplished goal is a failure. The fact that you are even setting goals and thinking about the future is more than most people do. Set some goals that you know you will accomplish this year and set a few that will be tough to accomplish, but if you get focused enough, you may have some unexpected success.
My Financial Goals for 2007:
What are your financial goals for 2007? Have you thought about them yet? Is there anything that you want to save for like a house or a car? If you have a minute, comment on this post with your financial goals for the year.
2 Responses
WH
January 8th, 2007 at 9:32 am
1Hi, How do you intend to accomplish your goal of not using your credit card this year? and why is it a goal? I’m curious because I use my credit card as a partial log for my spending, so I would never think to quit charging, but I also don’t carry a balance as a principle. At any rate, good luck with your goals for 2007!
erik.folgate
January 9th, 2007 at 6:23 pm
2Well, I have found that paying cash for stuff controls my spending much more than using a credit card, even if I pay it off every month. Studies have been done to show that people spend more when they use plastic rather than seeing the money go out of their hands. I’m not going to say that you are wrong for what you are doing, but I would just be careful with the snakes masked as credit card companies. if you play with them for too long, they’ll bite you. They’ll find a way to slap a late fee or charge you an annual fee without you knowing it. Personally, I’ve decided to stay away from credit cards. They are horrible financial tools.