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Financial planning: How to meet your money goals in 2019 | USA Today

Financial planning: How to meet your money goals in 2019 | USA Today

This list has changed drastically over the years. I used to focus on investment account balances, but I realized that was a giant mistake. Yes, the balances will eventually fund my goals, but I can’t control their variable nature, so I was finding myself focusing on something I couldn’t control – a practice as pointless and frustrating as me trying to elegantly wrap holiday gifts. So if my investment balances fall because of some significant global or domestic event, I’ve made the decision to not care.

But while those accounts may go backward through no fault of our own, if a savings account goes backward, it’s generally our doing. Therefore, I am willing to set a particular deposit goal with a savings account.

With that as background, it’s worth revisiting the elements of effective financial goal-setting, especially as we reach the end of the year.

Source: Financial planning: How to meet your money goals in 2019 | USA Today