How should you go about setting financial goals?

Answer 1

Start with your age. (short term goals 5 yrs or less, mid more than 5 and up to about 20, or long term goals of over 25 years.)
What are your current needs and how can you save some money from that.
The whole issue is savings- for without savings you will very rarely be able to meet any financial goals. Do not spend more than you can afford.
Then you need to make a list of your goals in your life. What your important wants are--college, marriage, children, retirement, automobiles, homes, traveling, etc, etc.
The next biggest part of inventing for these goals beyond savings is to start early. If you can save a lot early you can end up with a tremendous pile of money and at the same time meet your goals along the way.

Answer 2

Make decisions regarding what you need money for...saving or education (yourself or others), a major purchase, a portfolio of investments, retirement, etc. Then think of time frames to accumulate the needed mmount. Then a plan to set aside the money to achieve these goals in a prioritized fashion. The key is discipline and commitment. It can be done...believe me. Just get started. Good luck.

Answer 3

Sit down with a financial planner or advisor. He will help you prioritize your goals and offer solutions much more objectively, accurately, and comprehensively than you can likely do yourself. Many will do so at no cost.