Tag Archives: Long-term Planning

Planning for Changes…or Status Quo?

I have written these past few weeks about ways to wrap up this calendar year in our businesses and get ready for the next one. Budgeting and planning are part of the package, as well as getting ready to pay taxes and organizing record-keeping for the end of the year. I thought it might be work mentioning, however, that not every home business needs to plan for big changes in the upcoming twelve months. It is a perfectly legitimate planning technique to plan to keep to a status quo for a period of time… Having a long term plan for … Continue reading →

Do Your Spending Habits Reflect Your Financial Priorities?

Do your spending habits reflect your priorities? This is a tricky question to ask yourself, because you may be surprised at what you find. It will take some moments of personal reflection and honesty. Hopefully your priorities are truly governing your spending habits. This leads to a peaceful life. First you need to sit down and decide what your financial priorities are. These will vary for everyone, but some common ones are to get out of debt, save for retirement, and pay for your children’s college education. You may want to write down three or four major priorities. Next you … Continue reading →

Budget Strategies: The Importance of Long-Term Goals

The key to successfully managing your money is to have a plan and goals in mind. If you are simply trying to break even every day, you will never achieve much with your money. It is important to look at money as a tool that can get you the things that you want. It is important to realize that you need to use the tool, plan, save and spend wisely or else your money will end up managing you. One important aspect of money management is a budget. This lets you see where your money is going. It can help … Continue reading →