Assess financial goals and priorities regularly from "summary" of The 7 Most Important Money Decisions You'll Ever Make by Mary Claire Allvine,Christine Larson
Regularly assessing your financial goals and priorities is a crucial step in ensuring your long-term financial success. By taking the time to review and reassess your goals on a regular basis, you can ensure that your financial plan remains aligned with your current needs and priorities. When you first set your financial goals, you may have been focused on things like buying a home, saving for retirement, or paying off debt. However, as your life circumstances change, so too should your financial goals. By regularly reassessing your goals, you can make sure that you are still on track to achieve the things that are most important to you. In addition to reassessing your goals, it is also important to regularly review your priorities. Your priorities may shift over time as your circumstances change, and it is important to make sure that your financial plan reflects these changes. For example, if you have recently started a family, you may need to adjust your priorities to include things like saving for your children's education or purchasing life insurance. By regularly assessing your financial goals and priorities, you can also identify any areas where you may need to make adjustments to your financial plan. Perhaps you have encountered unexpected expenses or a change in income that requires you to rethink your budget. By staying on top of your financial goals and priorities, you can make sure that your financial plan remains flexible and adaptable to your changing circumstances.- Regularly assessing your financial goals and priorities is an essential part of managing your finances effectively. By taking the time to review and reassess your goals on a regular basis, you can ensure that your financial plan remains aligned with your current needs and priorities, and make any necessary adjustments to stay on track towards achieving your long-term financial objectives.
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