Goals - Best Practice
Is it best practice to have goals equal total income expected for a month? I just realized my total goals is a few hundred less than I expect for income, should I just up my saving goal or could that "overflow" be used differently?
It's totally up to you! (And, to echo what others have said here, the only real best practice is that your monthly goals not exceed your income! 😉)
And, because of this, it's an interesting question to consider!
- Do you use a Budget Template? And are you paid regularly the same amount? If so, perhaps it makes more sense to you that your total goals be close to your total income.
- Have you used a margin in your budget? This could be a spot in your budget where your excess monthly cash is stashed so you can use it for flexibility.
- Or, maybe, that excess monthly cash is compost for your Wish Farm?!