My Financial Blueprint: 10 Goals to Achieve Before Turning 25
As I approach my 25th birthday, I’ve reflected on my financial journey so far. While I’ve made progress, I know there’s still much to accomplish. Here are the 10 realistic and personal financial goals I’ve set for myself to achieve in the next seven months.
Building a Stronger Financial Foundation
- Boost My Retirement Savings: I aim to contribute at least another $2,000 to my IRA this year. Although I can’t contribute the maximum amount, I’ll make regular transfers to take advantage of my IRA benefits.
Exploring the World
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Take My First Adult Vacation: I’m planning a summer vacation with my boyfriend, and I’m confident I can cover the costs. It’s time to start exploring beyond the U.S. borders.
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Save for a Bigger Trip in 2017: I want to prioritize international travel next year, whether it’s visiting family in India or exploring Europe. To make it happen, I need to start saving now.
Navigating Financial Changes
- Manage Finances as a Couple: As my boyfriend and I prepare to move in together, I need to learn how to pay bills, budget for food, and maintain good spending habits as a team.
Streamlining My Finances
- Track Expenses and Write-Offs: I’ll keep accurate records of my expenses and write-offs throughout the year, rather than scrambling at tax time. I’ll also set aside money for taxes in a separate account.
Career Growth and Financial Freedom
- Increase My Rates and Prove My Value: I’ll continue to raise my rates and demonstrate my value to clients, ensuring I’m earning what I’m worth.
Smart Financial Decisions
- Get an Airline/Travel Credit Card: It’s time to take advantage of credit card rewards and benefits. I’ll do my research and find the right card for my needs.
Shifting My Mindset
- Embrace the “Say Yes First” Rule: Instead of saying “no” due to financial uncertainty, I’ll focus on finding ways to make things happen. This mindset shift will help me prioritize my goals and desires.
Planning Ahead
- Budget for Bills and Gifts: I’ll set aside money for gifts and plan ahead for bills, ensuring I’m always prepared and avoiding last-minute financial stress.
Taking Control of My Finances
- Become a More Independent Financial Decision-Maker: I’ll work on trusting my instincts and making confident financial decisions without seeking approval from others. It’s time to take ownership of my financial choices.
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