There are many reasons to set goals, but seeing as though this website is exclusivley about how to eliminate debt and build wealth over time, I wanted to talk a little about setting goals to becoming debt free. 

First, you have to really think about where you see yourself in the future.  A goal can be a short or long term goal.  You will definately need to write the goals down and you can print out Step 1 of the Pesky Debt guide which will give you a good 1 page template for writing down your goals. 

So here's how it works:

1.  Number your goal (this may be just to keep a chronocological order of your goals or you may want to prioritize them by importance).

2.  Describe your goal (i.e. Eliminate my XYZ Bank Credit Card debt of $3,800).

3.  Give your goal a long or short term (use your own judgement, but we advise 0-12 months as short term, and 13+ months as long term)

4.  Enter the date you make the goal.

5.  Enter the date you expect to complete the goal (short or long term)

6.  Enter the actual goal complete date.

7.  Give yourself a YES or NO for meeting the Goal (give yoursel a yes even if you complete your goal, but not on time).

TIP 1:  Print and Keep your goal log where you can see it and add to it at ALL TIMES (you feel so empowered when you actually start checking off your goals).  However, you have to have your goals in front of you, and the likelyhood of completing them drastically improves. 

TIP 2:  Make your goals challenging, but realistic (complete some simple ones at first and then progress into the more complicated tasks).