1 / 12

Mastering Personal Finance: Needs, Wants, and Achieving Your Financial Goals

Unlock the secrets of effective personal finance by understanding your needs versus wants. Learn how to set and achieve SMART goals—Specific, Measurable, Attainable, Realistic, and Time-Bound—that align with your financial aspirations. This guide covers essential budgeting techniques, from evaluating and re-evaluating your income and expenses to prioritizing your budget. Explore ways to improve your financial situation, such as eliminating unnecessary costs, establishing an emergency fund, and creating a solid safety net. Remember: financial empowerment begins with informed decision-making.

ismail
Télécharger la présentation

Mastering Personal Finance: Needs, Wants, and Achieving Your Financial Goals

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Understanding Personal Finance

  2. Needs vs. Wants

  3. Setting and Achieving Your Goals • Create—Stick to it! • Evaluate • Short-term vs. long-term

  4. Set SMART Goals S: Specific M: Measurable A: Attainable R: Realistic T: Time Bound

  5. Set SMART Goals “I want to go on vacation.”

  6. Set SMART Goals “My spouse and I want to go to Japan for a week next May, so I will need to save $300 a month over the next year for my portion of the trip.”

  7. Making Your Budget Income Evaluate/Re-Evaluate Your Budget Expenses Put It Together Pay Yourself First

  8. Improving Your Budget • Sweat the small stuff. • Eliminate unnecessary expenses. • Sell unneeded items. • Examine your insurance. • Create an emergency fund.

  9. Establishing a Safety Net Build it. Keep it. Review it.

  10. Parting Words Money is better than poverty, if only for financial reasons. —Woody Allen

More Related