5 Financial goals you can set for yourself this month

We all know it’s a great practice to set goals, but we often don’t realize how important they are as we continue to move through life.

Setting goals helps trigger new behaviors, guide your focus, and sustain that momentum in life. Goals also help align your focus and promote a sense of self-mastery. In the end, you can’t manage what you don’t measure and you can’t improve upon something that you don’t properly manage.

Here are 5 financial goals you can set for yourself;

1. Start an Emergency Fund.
An emergency fund is a source of ready cash in case of an unplanned expense, an illness, or the loss of a job. Life is unpredictable, and it’s important to be prepared.

2. Pay Off Debt.
If you pay off a debt, you give someone all the money that you owe them. Plan towards paying off your credit card.

3. Save for Retirement.
You’re not too young to start planning and saving for retirement. What are your retirement plans? What strategy are you putting in place? What percentage of your income are you setting aside for this cause? Set that goal now!

4. Prepare for a major purchase.
Do you want to make a major purchase e.g a house, or a car, you want to buy a business? Plan and prepare to achieve that goal.

5. Start investing.
Investing is an effective way to put your money to work and potentially build wealth. Make plans for your investments.

Join the TRiBL investors’ club to achieve your goals with others with the same interest and diversify your investment portfolio.

With the TRiBL app, you can stay disciplined and committed to your financial and investment goals by pooling funds with your spouse, family, or friends toward your desired aim. We also have several investors’ clubs you can join.

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