This information can help you define your family’s short- and long-term goals.
Consider your personal goals Many parents make the mistake of saving for their child’s college education while neglecting their own goals, especially retirement. It’s important to prioritize your own financial well-being so both you and your children can live fulfilling lives.
Encourage family communication By openly discussing goals with your family, you can prioritize and create a plan to reach them together. Talk to your spouse about what you want for yourselves and your children. As your children get older, encourage them to share their own career and college goals with you. If you feel that your children will have to help pay for their own college or wedding, tell them as soon as possible.
Consider these goals Here are some goals that families should consider as they create their financial plan:
Define your goals
Use this worksheet to define, prioritize and estimate the costs of reaching your goals. If they are old enough to set their own goals, encourage your children to fill one out as well.
Goal Definition Worksheet >>>