LONG-TERM GOALS

We talked about short-terms goals earlier here. Also very important to our financial future are long-terms goals.

One of the most important long-term goals we can have is Education. So start planning for it early.

Step 1: Study possible educational options.

Step 2: Calculate how much it will cost to attend the course that you want.

Step 3: Ask your parents if that is within what they have saved for you.

Step 4: If not, visit your career counselor at school, and try to work out what options you have for getting the additional money needed for your further education -- scholarships, part-time work, loans, etc. Work out a plan to get where you want to go.

It pays to think of your education early, because in most cases, your level of education will correlate with the level of your earnings when you enter the workforce. And therefore have an impact on your financial security.