You should set goals that are achievable, measurable and realistic and keep them at hand all the time to keep reminding yourself of your desired goals. some goals that most people consider are:
Buying a first home-creating appreciation , tax savings, ownership and a strong asset
Spending more time together in marriage-improve marriage & quality of life, schedule some date nights to purposefully have time together, plan fun activities together.
Get out of debt-use a mentor to help guide you through the best methods to pay off debt and build wealth. create a stress free environment, stop living paycheck to paycheck. Also save for your retirement. Save for kids’ college & pay it forward.
An example of goal setting might be getting out of debt with the following items as foundation for doing so: develop and implement a good working budget that both spouses can agree to-this is critical because if both spouses are not on same page, it will never work. in setting this budget, every expense must have a reason and a name and be a need and not a want. an example might be cable tv, though we all want to have those options, it is a want and when trying to get out of debt, something that you can get rid of. the more of these you select monthly, the more you can put the money you saved from those deletions to paying off your debt in the debt snowball phase.
Working with your mentor on these numbers & goals, you can mutually set a time frame to achieve getting out of debt. it is also important both in the debt snowball and beyond, to measure your progress, one so you can physically see and feel the results, which are a great motivator and to get to your ultimate goal as quickly as possible. Always keep in mind, you must be intentional about this and have the right mindset. When you reach that goal of all debt paid off, you can begin to pay cash for everything and have a very strong emergency fund developed.
