Skip to Content

Financial Goal Planner: Tips for Setting Financial Goals

  • Posted on November 21, 2023
A couple riding bikes on the beach
Key Takeaways:
  • Prioritize your goals and estimate how much money and time you’ll need to achieve each one. 
  • Create a budget, cut unnecessary expenses, and save regularly.
  • Track your progress—but be patient with yourself and flexible with your circumstances as they change. 

Every stage of life has financial implications, from beginning a career to starting a family to planning for retirement. Your financial goals will change as you move from stage to stage, but they all come with the same fundamental considerations. 

  • What are your goals, in priority order?
  • How much money will it take to reach each goal?
  • How long will it take to save it?

Get in the habit of monitoring progress toward your goals and re-evaluating their priority on a regular basis. 


Think Short Term and Long Term

You’ll likely have both short-term and long-term goals at every stage of your life. Short-term goals can usually be achieved in less than a year, while long-term goals can take several years.

Examples of short-term goals are:

  • Paying off a credit card 
  • Starting an emergency fund
  • Saving for a vacation 

Examples of long-term goals are: 

  • Owning a home
  • Funding a child’s education
  • Starting your own business
  • Retiring comfortably
  • Leaving a financial legacy


Save Early and Often

Saving is key to achieving any financial goal, from moving into your own apartment to outfitting a nursery or building an investment portfolio. These simple steps can help your savings grow.

  • Set up automatic transfers from your checking account to your savings account on payday
  • Create a monthly budget for essentials like housing, transportation, and groceries—United’s online budget calculator makes it quick and easy
  • Reduce spending on things you may want, but don’t really need
  • Use coupons and discounts for everyday purchases
  • Pay your bills on time to avoid late fees

As you save toward your goals, be patient with yourself and flexible as your circumstances evolve. Life happens and things change. Our team is always here to help with sound advice and a full range of financial services. 

External Link Disclaimer

You are leaving United Community and being directed to a third-party site that is not maintained, owned or operated by United Community Bank. United Community does not control and is not responsible for the privacy or security practices of the third-party. By clicking “Accept,” you are requesting to be transferred to the third-party website. If you do not want to visit the page, you can close this page by clicking "Return To Site”.