|
Conversation Starters on Planning and Goal Setting
- What is a goal?
- Do you have goals?
- Do all goals involve money?
- Name some goals that involve money.
- Name some goals that don’t involve money.
- Can you reach your goals without a plan?
- What is financial planning?
- Every time you spend a dollar, save a dollar or share a dollar, you’re making
a financial decision that will affect your goals.
- No matter how insignificant, every buying decision either gets you closer to or
further away from your goals.
Conversation Tips on Planning and Goal Setting
- Explain that a goal is a something you want to have, be or do, and that goals differ
for each person ~ and that’s o.k.!
- Explain to your kids that they should save their money to help them achieve their
goals, prepare for emergencies, and be ready for major life events, like going to
college and or buying a home.
- Get them thinking that every time they spend a dollar, save a dollar or share a
dollar, they’re making a financial decision that will affect achieving their
goals. Explain that no matter how insignificant, every buying decision either gets
them closer to or further away from their goals.
- Talk about whether goals are wants or needs, and that we often achieve our goals
by following a plan or course of action.
- Talk to your kids about making saving a habit that will help them improve their
financial situation and stay out of debt. Encourage them to plan for the things
they want and that saving their money to achieve their goals will give them a great
sense of accomplishment and success!
- Discuss how financial planning is how you make your money meet your goals. Talk
about short term plans, such as for some new clothes or a trip, and long term plans,
such as for college or retirement. Share that the most important thing to remember
is that their financial plan is unique to helping them achieve their goals. Remind
them to pay themselves first.
- Instill upon your kids that failure to plan could leave them with a life of limited
choices.
Additional Resources:
Financial Literacy
National Endowment for Financial Education
JumpStart Coalition for Personal
Financial Literacy
National Association of Federal Credit Unions
Moonjar
National Credit Union Administration
Credit Scores and Credit Usage
www.annualcreditreport.com
www.myFICO.com
Investor Education
National Association of Securities Dealers
Saving for College and Financial Aid
www.finaid.org
Savings Bond Interest Rates
www.treasurydirect.gov
Financial Calculators
TopLine Investment
Services
Books
The Millionaire Next Door
By Thomas Stanley and William Danko
Practical information on how other millionaires made their money.
The Richest Man in Babylon
By George S. Clason
Common sense ideas on the concept of paying yourself first.
A Chair for my Mother
By Vera B. Williams
Family picture book that shares a story about saving.
Content on this page may contain information from, and is used with permission by,
the National Endowment for Financial Education, the National Association of Federal
Credit Unions, Moonjar, and the JumpStart Coalition for Personal Financial Literacy.
Links to additional resources are provided for information purposes only and are
not endorsed by TopLine Federal Credit Union.
© 2007 TopLine Federal Credit Union. All rights reserved.
® Registered trademark of TopLine Federal Credit Union
Servicemark of TopLine Federal Credit Union.
|
