How do you decide what your financial objectives are?

Answer by  tamarawilhite (17883)

Your financial objectives are a wish list of financial goals. This may be to get out of debt, to build up a five month emergency plan (called retained earnings for a business), or to pay off a mortgage. Financial objectives for an organization may be to increase sales to $100,000 per month or increase profit margins to 5%.

Answer by  Christian9247 (5042)

Sit down and factor what you make after taxes per week. Then factor what it is you bring home per month as well as your spending needs per week and per month. Once you have this in mind, you can then subtract what you make and see if you have anything left over.

Answer by  gcmeyer2 (787)

When setting your objectives you need to think long term. You need to find out what you will need to retire comfortably and work backward. If you can make the commitment to it now you will be rewarded in the long term.

Answer by  Tknight (273)

To decide what your financial objectives are, you must first decide what you want to do with the money you save. For example, you may want to save for retirement, or to send a kid to college. Afterwards, you must decide how much money you can save per month.

Answer by  gwizzy2009 (204)

This depends on your current financial situation. Your first thing should be to pay off any credit card debt or loans. After that you should save money to buy a home. After that you should invest.