The Meaningful Money Personal Finance Podcast Finance OS: Short-Term Goals
Jun 28, 2023
The podcast discusses building a strong financial foundation, reflecting on achievements, understanding disposable income and choices, setting and achieving short-term goals in personal finance, reviewing budget and deploying money, and controlling impulse spending and making thoughtful financial decisions.
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Foundation of Financial Health
- Create a cash buffer for unforeseen events, also known as an emergency fund.
- Pay off debt to stop making others richer and free up money for your own goals.
Financial Control Improves Mental Wellbeing
- Having a budget, emergency fund, no bad debt, and insurance puts you in better financial control than most.
- This control improves mental health by reducing financial anxieties.
Defining Short-Term Goals
- Define short-term goals as those achievable within four years or less.
- This timeframe matters for how you save and manage your money.