In January, many of us take the time to reflect on our progress and trajectory in life, mentally scribbling a personal scorecard for the past year. We analyze and comb through the personal, the professional, the spiritual and the financial. Did I crush that credit card debt? Increase my 401k contributions? Save more, spend less? Kick my online shopping addiction? Then we map out our new and improved goals, because it’s a new year, damn it, and we can do it! But by mid-March, just as the packed treadmills at the gym are free again, the air has deflated in our hopeful money balloons.
There are two schools of thought when it comes to planning one’s financial future: visualization and goal setting, or the most powerful, the combo. The Frisky turned to finance expert and author Manisha Thakor for tips on how to successfully accomplish both. Keep reading »