Financial Goals are Important

It’s never too early to set financial goals. You can even teach children the value of money with an allowance. In a recent press release, Lakeland Bancorp, Inc. offered these simple tips for healthy finance in your life.
• Create a personal balance sheet to track income and spending.
• Make each goal SMART: Specific, Measurable, Attainable, Relevant, with a Timeline.
• Write down each goal.
• Create a savings bucket (real or virtual) to track how you are saving.
• Set smaller goals that lead to larger ones.
• Include investments in your long-term strategy.
Though it’s not on the list, be prepared for setbacks. When they occur, just revise your timeline and keep going. Do an annual review to see your progress.