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Our 2019 Financial Goal

Family Balance Sheet

In previous years, I would create a long list of financial goals, only to have little accomplished by the end of the December. I almost stopped writing goals down altogether. In 2018, we decided to focus on just 2 main financial goals and before I share my 2019 goals I thought I would give you a recap on 2018.

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The Importance Of Setting Financial New Year’s Goals

Prairie Eco-Thrifter

One of the best ways to do that is to set realistic goals. In fact, one of my favorite things to do at the end of December each year is to set financial goals for the new year. I’m convinced that I’ve had such good luck achieving many of my financial goals because I write them down and keep myself accountable.

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For Better Savings: Use Sub Accounts to Differentiate Your Goals

Prairie Eco-Thrifter

One of the mistakes that we often make when saving is putting everything into one account. It’s fun to watch your account grow, but at the same time, if you have different goals for the money, having everything in one account can be problematic, since you aren’t able to identify which money is earmarked for a specific goal.

Goals 208
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How to Create a Family Balance Sheet + Get a FREE one for your family!

Family Balance Sheet

You’ll know how much is in your checking and savings accounts and your retirement accounts. The History of my Family Balance Sheet: I created my very first Family Balance Sheet many years ago to give my husband a snapshot of our household and business finances. It showed him what we OWE and what we OWN.

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Create a Gift Giving Fund | 31 Days to Organize Your Finances

Family Balance Sheet

By the end of the month, my goal is to help you have a detailed financial plan for your family. Since the underlying theme of this series is planning and budgeting, today’s assignment is to create a gift giving fund. Download another budget (but save under a different name) for your other yearly gift giving.

Finance 100
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A Goal Without a Plan is Just a Wish

Family Balance Sheet

At my age, my parents had 20 years of kid-free living ahead of them to focus on their own career goals and to save for their retirement. My husband and I will be 68 & 60, respectively, when our youngest daughter graduates from college, leaving us with little time free from child-rearing costs to save for retirement.

Goals 100
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How We’re Using Upromise to Save for College

Family Balance Sheet

Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education. My Upromise strategy will help with our goal. Hello, 2020. 108 Months X $72 = $7,776!

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