Join Jane Barratt for an in-depth discussion in this video Paying yourself, part of Managing Your Personal Finances.
- The new year is a time when traditionally,…people reassess where they are financially…and set goals for the year to come.…In this video, we're going to discuss…a method of goal setting that's less about…vague numbers that you beat yourself up for later…and more about practical steps…to make new habits that stick.…So, forget the new year and think tax time.…Regardless of whether you're doing your tax return yourself…or you have someone doing it for you,…take this time once a year to reassess where you are.…As much as this time is about reviewing the past year…and literally paying your dues,…it can also be a time for planning and setting goals.…
Tax return time is a great deadline…to make a commitment to yourself.…Out of all the money you expect to earn in the next year,…what are you going to pay yourself?…Two things you need to do to figure that out are:…One, pick a percentage of your post tax income…that you're going to save and set in place a plan.…I recommend between 10 and 30%, which sounds like a lot,…but remember, you're paying a lot of people…
- Maximizing your earning potential
- Planning for future earnings
- Budgeting and spending
- Understanding your credit score
Skill Level Appropriate for all
Finance Foundations: Income Taxes (2015)with Jim Stice2h 24m Appropriate for all
Using the Time Value of Money to Make Financial Decisionswith Jim Stice1h 28m Appropriate for all
Next steps2m 49s
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