Identify your financial goals by answering questions, including the following:
- How quickly do I want to be debt-free?
- What kind of lifestyle do I want?
- How long do I want to work?
- What kind of lifestyle do I want in retirement?
- How much money will I need to invest to retire?
- Where do I want to work?
- Where do I want to live?
- What are my plans for a family?
Write down the answers to these questions. Your responses and payment estimates can help you decide how to best manage cash flow and repay debt.
Now you're ready to move onto Step 2: Establish Your Budget. |
