When setting financial goals, the first thing to do is look at short-term and long-term objectives. What do you want to achieve in one month, six months, one year and beyond? It is important to map out easier achieved short-term goals along with goals that will develop over time. At Broadleaf Partners, we can help you create a financial plan that is personalized to your unique financial situation to help you achieve your goals.
Short-Term Planning Strategies
Short-term planning involves implementing strategies that can produce noticeable results in a short time frame. Budgeting is a common short-term goal that can have a lasting impact on your financial well-being. A budget can be tailored to your income and other financial endeavors. When you create a budget, you can visualize how much you are saving and spending each month. With this information, you can start allocating a percentage of income for an emergency fund or other form of savings. Having an emergency fund can ease the worry of financial stress during an emergency. Even saving a small percentage each month can add up over time. In addition to saving, setting a short-term goal for debt management can help work toward reducing debt and staying on the path to financial security. These seemingly small steps can have a large impact on your financial future and are valuable short-term goals to set. Broadleaf Partners can assist you in developing strategies to meet your short term goals.
Long-Term Financial Objectives
Just as you set short-term goals, you also should set long-term goals for your future financial objectives. These are goals that could span several months or years into the future. Like many long-term goals, retirement planning is something to consider prior to reaching that stage of your career. By setting financial goals, you will be able to look toward retirement with peace of mind. When setting long-term goals, many people think about investing. By working with a financial planner, you can explore your investment options to make the best choice for your goals, including how much to contribute to retirement accounts versus non-retirement accounts. A financial planner can also give advice on wealth-building techniques that can help grow your assets over time. Broadleaf Partners provides support when selecting which strategies can help you meet your long-term goals.
Broadleaf Partners is Here for You
Whether you want to set a short-term goal to manage debt or a long-term goal to make investments that will produce results for years down the road, Broadleaf Partners can help make those objectives into reality. Contact us today to schedule a conversation with one of our expert financial planners.