Step 13: Pay Down Your Debt
There are two popular methods that people use to tackle debt.
Step 12: Set Short, Mid & Long Term Goals
Personal financial goals will differ in the length of time needed to achieve them. Short-term goals are priorities that can be accomplished within two years. Be sure every goal has a specific purpose, a dollar amount that it will cost, and a realistic target date.
Step 11: Set Smart Financial Goals
Before you think about setting goals, review the five parts of SMART goals.
Step 10: Set Your Priorities
Creating a list of needs and wants can help you establish your financial priorities.
Step 9: Review Your Debt Situation
Freedom from debt is an achievable goal for every family. The first step in regaining control is to take an honest look at your existing obligations.