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Having a Plan | Settling Long Term Financial Goals

Having a Plan | Settling Long Term Financial Goals

While I obviously spend a great deal of my time finding bargains and deals daily, I am also very passionate about the long term financial goals that we have set as a family. My husband and I spend quite a bit of time planning our budget, which includes our long term goals. Our plan now is to work hard and save, so that hopefully we can enjoy a retirement lifestyle which will allow for us to live comfortably and confidently, knowing that we have taken the proper steps to make sure that we are self sufficient and in no way a burden to our children.

Do you have long term financial goals in place? The reality of that question is that it almost has to, if you have long terms goals to be financially secure as you grow older.  Check out this handy Genworth Retirement Income worksheet calculator to get a better look at your overall financial picture.

By keeping track of our long term goals, it actually helps us to make decisions about our short term goals as well. We make some sacrifices now, knowing that the long term benefit will be greater than the instant reward of spending money now. I also love the lessons that we are able to teach our children by showing them how we choose to spend the money that we work so hard for. Some of our habits include cash spending, paying off our credit card every month (religiously) and always investigating all options when making large purchases. We are also very mindful and protective (and proud!) of our credit, and we hope to raise our children to be the same.

As with most things, knowledge is power, and anytime that you choose to arm yourself with financial knowledge, you are creating the opportunity for great financial benefits for you and your loved ones in the process. If you are curious to learn more about planning for retirement, here is a great article:  Tips for planning your retirement – Here are the top 10 things you need to know as you plan for retirement.

As my Grandfather always said, a penny saved is a penny earned. And you have the power to decide just how far that penny goes!

Information for this post is sourced from Genworth Financial in partnership with the SheHeard Influencer Network. All opinions are my own and were not influenced by another.

Keri Lyn
Meet the author – Keri Lyn

The creative and frugal mind behind She Saved for over 12 years now, Keri Lyn shares her adventures in parenting along with her love for family travel, country living and brand marketing. A self-proclaimed “brand loyalist”, Keri Lyn is known for her strong and enthusiastic voice when it comes to the products and brands that she loves. She Saved has become a community for like-minded consumers who appreciate saving money, time and sanity by getting the best deals on quality products and experiences.

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