We’ve talked before about setting your financial goals. In order to do so, we feel like you really need to think about your values and decide what is important to you. This may or may not be an easy task. Some people know exactly what they value, and can easily set their goals accordingly. Others may feel so far out of control financially they have no idea what they value most. They are too stressed out or too consumed with thoughts of their finances that they can’t see beyond it.


A post this weekend over at The Simple Dollar, Living What You Believe” reminded us of this topic. Trent Hamm talks about how knowing what you believe in, what you value, can help you see that you may in fact be spending money in contradiction with what you believe. If you “live what you believe” and take the time to consider what you may be spending money on, you’ll be happier for it to because you’ll be less likely to feel buyer’s remorse for spending money on something that may go against your values.


Take some time to think about what your values are. There are no right or wrong answers, and your values can change over time. What you thought most important to you five years ago may mean nothing to you now, and that’s fine. Deciding on what your values are at this exact point in your life can help you decide what it is you want most for your financial future.


If you are in a situation where you can’t see past your problems to decide on your values, take this to mean that you must take action to correct the problem before you can fully move forward. If you have too much debt, and you can’t see past that, make debt reduction your only goal, and that will become what you value. There is nothing wrong with making your problem your goal, in fact, it’s a great idea. You’ll find that as times goes on and your debt shrinks, you will be able to see more and more beyond it and begin setting some new financial goals for yourself based on what will become important to you.