Dec 15, 2014

When my wife and I first sat down as a couple to identify our short-term, mid-term and long-term financial goals, we realized one thing.

"We can't do this, apart from Christ."

When you think about all that you need to provide and prepare for while ensuring that your family doesn't lose sight of the things that really matter, it's pretty overwhelming.

'Coz you're talking about a life that can only be lived in the context of faith, a life that only makes sense in light of God being the real provider and the fact that He loves you.

God indeed is our provider. But lest you think you can just laze around, waiting for God's provision to come or spend money aimlessly (refer to Proverbs 29:18), here's a few things to help you identify your financial goals.

1)  List down S.M.A.R.T.E.R Goals

(Specific, Measurable, Attainable, Realistic, Time-bound, Exciting, Rewarding)

2) Know which goals to prioritize first and which ones last (see diagram).

2) Identify the time when a specific goal is to be achieved.

Short-Term - achievable in less than five years
Medium-Term - achievable within five to ten years
Long-Term - achievable in ten years or more

3) Estimate how much each goal will cost. Make sure to factor in inflation in your estimates.

Happy Stewarding Christ's Gifts!


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