{"id":23416,"date":"2013-01-03T11:36:03","date_gmt":"2013-01-03T11:36:03","guid":{"rendered":"https:\/\/nomoredebts.org\/?page_id=23416"},"modified":"2023-08-26T12:50:35","modified_gmt":"2023-08-26T12:50:35","slug":"creating-financial-goals-plans","status":"publish","type":"post","link":"https:\/\/nomoredebts.org\/blog\/budgeting-saving\/creating-financial-goals-plans","title":{"rendered":"How to Build New Year’s Goals & Plans"},"content":{"rendered":"

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How to Build New Year’s Goals & Plans<\/h1>\n

\"Constructing-a-plan\"<\/p>\n

Q: Another year has gone by and my wife and I are frustrated that we can\u2019t seem to get ahead financially. I have to admit that the thought of living ultra-frugally for the next 30 years so we can retire comfortably, is not very appealing. Where do we go from here?<\/em><\/p>\n

A: The question you need to ask yourselves first is what\u2019s really holding you back from getting your finances on track? Many people have the perception that managing money effectively and working towards financial goals, comes at too high a price: their lifestyle. As a result, they put off financial planning until the future which can have a disastrous impact on a person\u2019s retirement.<\/p>\n

Change comes at a price; you have to be prepared to sacrifice a little to get something in return, but it doesn\u2019t mean that you have to give up everything today in order to retire comfortably in the future. Financial planning is not about going without. It\u2019s all about making informed decisions, having patience and getting more out of what you have. Good financial planning also requires that we separate our wants from our needs.<\/p>\n

Where do you go from here? The first step is setting aside some quiet time for you and your wife to evaluate your current financial picture. Next, we would encourage both of you to write down your answers to the following questions:<\/p>\n