First, map out all your goals. Be thorough, and try to account for every single financial target you have, both big and small. Next, allocate at least a little cash toward each goal. Prioritizing is key here, because how much money your put toward every target will depend on the size of the goal and how much time you have to achieve it.
Keep in mind, however, that some long-term goals (like saving for retirement) require a lot of preparation. Although retirement may be decades in the future, if you put off saving for too long, you may not be giving yourself enough time to save as much as you need. So while it may be tempting to focus more on your short-term goals, be sure to allocate at least a little cash toward your long-term targets. too.
3. They are willing to make sacrifices
Unless you have loads of cash lying around, chances are you’ll need to make some sacrifices as you’re budgeting. And every budgeting all-star knows this, too! If you’ve set your goals and are tracking your…