Chapter One: Setting Your Financial Goals and Creating a Budget
Setting goals is a foundation for building greater self-determination. When we set goals for those things in our lives that are most important to us - family, community, and friends - they provide direction for how to use our energy and resources, including our money. And because goals are often based on values, we’ll use a tool today to help us reflect on those things that are most important to us. The things we work on today (in this class) can help us discuss the importance of goal setting with our families or members of our community and provide tools to help demonstrate the value and process of setting goals.
The information we’ll cover also provides tools to help you discuss and think about planning for life events. Life events are circumstances that many people experience over the course of our lifetime. Some examples are finding our first job, graduating from high school and possibly entering a job training program or college, buying a home, getting married, having children, dealing with the death of a family member, and retiring from work. We are not telling you what should be considered important parts of life, these are examples. We all bring our own experiences and set of values to our finances.