Being a (new) career girl can feel quite challenging. You might have just left your parents’ house, you’re learning how to manage your own activities and of course let’s not forget them “bills, bills, bills”. In the midst of now being a working lady, it’s easy to lose track and neglect the financial goals you should be striving for.
Achieving your financial goals does not happen overnight. However, there are little steps you can take that will help you get closer to obtaining these goals. We have listed down four important financial goals every career girl should aim to have.
Getting Out of Debts
Being in debt is definitely not a great feeling. However, sometimes it is something that we just have to deal with, especially with, for example, debts created from student loans.
However, once you start working, one of your main financial goals should be to clear your debts, one at a time. This means that you would have to start by tracking all your expenses. You can do this by creating a simple excel sheet or whichever way you prefer to have more overview. You would also have to get smart about where and how you spend your money ‘How To Budget & Save More Money Every Month’.
Getting out of debts would essentially mean:
- Full control over your finances
- Not being restricted from investing and saving money
- Being worry and stress-free
Having Your ‘just in case’ Money
Your ‘just in case’ money is money that you might have to spend in case of emergency. What do you do when your car suddenly breaks down or you need to make a sudden payment? Of course, we are not hoping for something like things to happen, however, life does become much easier when you can pull that money out of your account without any problem. And yes, you could borrow or ask close family members or friends for help. However, the goal is that you will get to that point financially, where you actually wouldn’t need to – Financial freedom.
Creating Multiple Streams Of Income
Who said that your monthly salary is the only payment you should be looking forward to each month? If you want to become financially independent, creating multiple streams of income is key. It’s also a great way to generate extra income in order to pay off any financial debts.
Yes, you can have a job but that doesn’t mean you can’t do something you’re truly passionate about, on the side. Even if you love your job, it shouldn’t stop you from building your own business, blog, service or whatever you dream of starting. If you’re into business and blogging, you could, for example, choose to start monetising your blog by displaying advertisements via Google AdSense or joining affiliate marketing programmes like Awin.
Giving Back To Charity or Your Local Community
The reason why giving back to charity, your local community or church should be part of your financial goals, is that giving is extremely important. Being a firm believer of ‘give and you shall receive’, giving to others does open doors for financial prosperity and blessings. That’s just nature. You don’t get more by keeping everything you have to yourself. When you give you also receive.
However, this doesn’t mean you have to ‘make it rain money’ at every charity organisation around the corner. It’s absolutely okay to be selective in your giving. Do your research and let your heart speak to you. Secondly, giving back doesn’t necessarily have to be in the form of cash (or money). Instead of giving monetary gifts, you could use whatever amount you saved up to buy items your charity, church or local community might need.