Are you attending the budget meeting?

We are at the time of year that many major companies of the world are setting up their annual financial budget meetings! What do they do during these meetings? In simple terms:

1. They review if they are on track with this years financial goals
   
2. They set financial goals for the coming year.
3. They then ask themselves do these short term goals (1 year) line up with our long term goals (5-10 years)
   
4. They plan how they are going to achieve these short term goals.
   

Not only is it important for these mega billion & million dollar companies to have these meetings but it's important for you and I to have these meetings for our personal finances.

Here are 7 steps to set up your annual budget meeting:

1. Schedule the meeting! Specific time(s) and date(s)
2. Invite everyone that needs to be their! i.e. your spouse, maybe your accountant. Hey if your single don't forget to invite yourself!
   
3. Review your financial goals for this year, are you on track? If you don't have any set. Then set some for the remainder of the year!
4. Set your financial goals for 2009!
5. Then ask yourself do these goals line up with my long term financial goals? (Do you have any?)
   
6. Then ask your self what is the "Next Money Step" that I need to take to achieve these goals?
7. Review your progress towards your goals at least once a month and make adjustments as needed.
   

If you don't have a plan for your money, you had better believe that someone else does! Advertisers, credit card companies, banks, Pay Day Loan places, drug dealers the list goes on and on. There #1 goal is to remove you from your money! You must set short and long term goals for your money. Your "Next Money Step" is to attend your budget meeting!

Carlos Frank
Financial Coach
website: www.nextmoneystep.com
Picasa Album: http://picasaweb.google.com/nextmoneystep/NextMoneyStep#