You know the goal-setting basics. You must set goals, and write them down, and look at them daily, etc.. And you know about S.M.A.R.T. goals, right? Goals should be Specific, Measurable, Attainable, Relevant, and Time-Bound. I’m not saying any of that is wrong, but goals won’t get you anywhere on their own.
As I was working diligently on getting the kid’s finance course created, a curious thing happened that halted my progress… I got deployed to the Middle East. That will do it. That actually halts a lot of things. But it’s ok, because the course is still coming in 2020.
The average car payment is over $500/month, according to an Experian report from late 2018. Another report, from the US Public Interest Research Group (PIRG), shows that auto debt has risen 75% since the Great Recession of 2009.
38% of US households have credit card debt. 43% of people with student loans aren’t making payments. Most people feel like they could be doing better with their money. In fact, the average American feels like a failure when it comes to finance.
Our family loves to travel. We’ve been traveling Europe for the past few years, since we live there, but we’re just as excited to get back to the States and continue our travels. There’s just too many amazing things to see in the world.
The “5 Ps” say “Proper Planning Prevents Poor Performance.” That’s true, but when it comes to finance, I say, “Calculated Proper Planning Prevents Overspending,” or C-3PO. If you live by that phrase, your finances will be golden (ok, I’m done).