Setting goals include the evaluation of the desires and personal and financial needs of his family, and then strive to make those wishes and needs into reality.
Identify and document specific financial goals of all members of his family as saving for a house or car, take vacations, send their children to college, pay a debt or planning for retirement.
Define goals that need achieving against those who simply want. This will help you prioritize your cash flow and realize it really can afford and what can wait or delay.
Determine whether each goal is short term (less than 1 year), medium term (within the next 5 years) or long term (within 10 to 15 years or more.) Think about where you and your family want to be in 5, 10 and 20 years.
Make a plan
The biggest financial challenge facing the majority of Mexicans is to buy a house. But there are many other goals and dreams that plan. Once you, your spouse and your children decide what they want to accomplish for the family, it is necessary to develop a plan to see things clearly.
List any major purchases you want to do, and any other financial goal you have in mind.
Determine the specific steps that need to take to achieve their goals.
Rank the steps you need to take before, during and after.
Start saving now. The sooner you start saving, the sooner you reach your goals.
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