Comments on: Creating a Personal Finance Goal http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/ Debt Reduction Rocks - We Are Living Debt Free! Sat, 21 Nov 2009 05:27:53 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Setting Goals for Good Personal Finance | Loanio http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/comment-page-1/#comment-142699 Setting Goals for Good Personal Finance | Loanio Mon, 12 Jan 2009 10:27:39 +0000 http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/#comment-142699 [...] Setting goals is an important part of your personal finance plan. Goals can be divided into four unique categories that are relatively general in nature. These categories are short term goals, intermediate term goals, long term goals and life goals. [...] [...] Setting goals is an important part of your personal finance plan. Goals can be divided into four unique categories that are relatively general in nature. These categories are short term goals, intermediate term goals, long term goals and life goals. [...]

]]> By:   Savings Account Allocation Breakdown by No Credit Needed http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/comment-page-1/#comment-130718   Savings Account Allocation Breakdown by No Credit Needed Sat, 04 Oct 2008 11:01:42 +0000 http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/#comment-130718 [...] a big fan of setting goals and creating plans - both short-term and long-term.  It’s important to me to clearly define [...] [...] a big fan of setting goals and creating plans – both short-term and long-term.  It’s important to me to clearly define [...]

]]> By: 63 Fantastic Personal Finance Posts : SCN - Personal Finance http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/comment-page-1/#comment-59679 63 Fantastic Personal Finance Posts : SCN - Personal Finance Sun, 09 Dec 2007 18:11:37 +0000 http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/#comment-59679 [...] Creating a Personal Finance Goal - No Credit Needed [...] [...] Creating a Personal Finance Goal – No Credit Needed [...]

]]> By: No Credit Needed Blog » Blog Archive » (Almost) Everything I Know About Debt Repayment! : Personal Finance Blog About Debt Repayment, Saving Money, and Retiring With Wealth http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/comment-page-1/#comment-1912 No Credit Needed Blog » Blog Archive » (Almost) Everything I Know About Debt Repayment! : Personal Finance Blog About Debt Repayment, Saving Money, and Retiring With Wealth Fri, 09 Mar 2007 20:21:43 +0000 http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/#comment-1912 [...] Creating a personal finance goal. [...] [...] Creating a personal finance goal. [...]

]]> By: The Stubborn Capitalist » Blog Archive » 63 Fantastic Personal Finance Posts http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/comment-page-1/#comment-1233 The Stubborn Capitalist » Blog Archive » 63 Fantastic Personal Finance Posts Sun, 25 Feb 2007 21:18:25 +0000 http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/#comment-1233 [...] Creating a Personal Finance Goal - No Credit Needed [...] [...] Creating a Personal Finance Goal – No Credit Needed [...]

]]> By: Vinit Nagda http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/comment-page-1/#comment-508 Vinit Nagda Fri, 09 Feb 2007 21:12:27 +0000 http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/#comment-508 Very interesting post about creating personal finance goals. I'd like to point out one error. "What about the second key? Be realistic. If you make $25,000 and have 3 kids, and $30,000 in credit card debt, don’t set a goal of being out of debt in 6 months. At the same time, don’t set a short-term goal of (fully funding my retirement, fully funding children’s college, buying a new car, etc.). On the other hand, if you make $100,000, and have $30,000 in credit card debt, don’t set a goal of being out of debt in 6 months. Set a goal of being out of debt in 3 months! Be realistic." If you're making $100,000 your income before taxes each month is approximately $8500, which after taxes might reduce to 7000$. You can't pay off 30,000$ off in 3 months then. Be realistic ;-) Very interesting post about creating personal finance goals. I’d like to point out one error.

“What about the second key? Be realistic. If you make $25,000 and have 3 kids, and $30,000 in credit card debt, don’t set a goal of being out of debt in 6 months. At the same time, don’t set a short-term goal of (fully funding my retirement, fully funding children’s college, buying a new car, etc.). On the other hand, if you make $100,000, and have $30,000 in credit card debt, don’t set a goal of being out of debt in 6 months. Set a goal of being out of debt in 3 months! Be realistic.”

If you’re making $100,000 your income before taxes each month is approximately $8500, which after taxes might reduce to 7000$. You can’t pay off 30,000$ off in 3 months then. Be realistic ;-)

]]> By: Tammy http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/comment-page-1/#comment-464 Tammy Tue, 06 Feb 2007 23:21:10 +0000 http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/#comment-464 I'm learning that I need to stretch myself to accomplish goals with my deal that make me "feel the burn" - if it's to easy, I must not be learning all the lessons I could from the experience BUT if it's to hard, I end up quitting before I reach my goal. Staying focused on my goals for today, this week, this month, this year is really showing me what I am capable of doing to get myself on track. Great post on goal setting! I’m learning that I need to stretch myself to accomplish goals with my deal that make me “feel the burn” – if it’s to easy, I must not be learning all the lessons I could from the experience BUT if it’s to hard, I end up quitting before I reach my goal. Staying focused on my goals for today, this week, this month, this year is really showing me what I am capable of doing to get myself on track.

Great post on goal setting!

]]> By: tim http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/comment-page-1/#comment-408 tim Sun, 04 Feb 2007 18:58:17 +0000 http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/#comment-408 NCN, i like this posting. obtainable goals is the key, and to break old habits. when i was climbing out of debt, i had everything organized. makes me wonder why i never put as much focus on finances to not be in debt. the key though, it a budget. you cannot get out of debt and stay out of it without one. budget forces you to actually look at where you stand and where you can go. i set up an excel spreadsheet listing all my creditors, how much i was paying them each month and refigured interests, so I could see exactly where I stood a month to month basis. patience is another key thing. this is where I'll disagree with what you stated about if you make $100k and have $10k reducing paying off from 6 months to 3 months. i had the ability to pay off everything about 6 months ahead of my goal. The problem is, if I did it, I wasn't forcing myself to stick by the goal I set and living by my budget. Something could have happened, and maybe I needed the money and then I'd be in debt again. it's also counter intuitive to be saving while trying to pay off debts, but that's an important thing to get in the habit of saving. NCN, i like this posting. obtainable goals is the key, and to break old habits. when i was climbing out of debt, i had everything organized. makes me wonder why i never put as much focus on finances to not be in debt. the key though, it a budget. you cannot get out of debt and stay out of it without one. budget forces you to actually look at where you stand and where you can go. i set up an excel spreadsheet listing all my creditors, how much i was paying them each month and refigured interests, so I could see exactly where I stood a month to month basis.

patience is another key thing. this is where I’ll disagree with what you stated about if you make $100k and have $10k reducing paying off from 6 months to 3 months. i had the ability to pay off everything about 6 months ahead of my goal. The problem is, if I did it, I wasn’t forcing myself to stick by the goal I set and living by my budget. Something could have happened, and maybe I needed the money and then I’d be in debt again.

it’s also counter intuitive to be saving while trying to pay off debts, but that’s an important thing to get in the habit of saving.

]]> By: QH http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/comment-page-1/#comment-325 QH Tue, 30 Jan 2007 05:24:41 +0000 http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/#comment-325 To help you with budgeting & financial planning I'd recommend a personal finance software by Australian business Parcus Group. Easy to use program with features including budgeting, financial planning, real estate analysis, shares valuation, life insurance... Costs $29 so it's not a huge investment but a good value for money. You can get it on http://www.parcusgroup.com/index.html or <a href="http://www.parcusgroup.com/index.html" rel="nofollow">http://www.parcusgroup.com/index.html</a> To help you with budgeting & financial planning I’d recommend a personal finance software by Australian business Parcus Group.
Easy to use program with features including budgeting, financial planning, real estate analysis, shares valuation, life insurance…
Costs $29 so it’s not a huge investment but a good value for money.
You can get it on http://www.parcusgroup.com/index.html
or
http://www.parcusgroup.com/index.html

]]> By: Money Walks - Personal Finance » More Carnivals http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/comment-page-1/#comment-324 Money Walks - Personal Finance » More Carnivals Tue, 30 Jan 2007 04:39:10 +0000 http://www.ncnblog.com/2007/01/26/creating-a-personal-finance-goal/#comment-324 [...] NCN’s article on Creating a Personal Finance Goal. [...] [...] NCN’s article on Creating a Personal Finance Goal. [...]

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