50 Personal Finance Questions |Get Help Setting the Right Financial Goals

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I think everyone would be well served by breaking their lives into major categories and assigning goals for each category.  Fortunately, finances are one thing that already often get included in New Years Resolutions.

To kick start the process, I’m going to ask you a lot of questions.  If you hesitate, put an * by that question and go back to it.  Spend some time thinking about and researching that question.

Choose five questions and work at developing the necessary goals so that you can answer these same questions in a positive way next year.

Get out of debt

Credit Cards

Credit Score

  • Have you checked your score lately?  You can check it free at Credit Karma.
  • Do you plan to make a purchase that is impacted by credit?
  • Do you have a good credit score?  Does it matter?


  • Could you be trading stocks at a cheaper price?  Do you have the best discount online broker?
  • It is time for an asset allocation review?
  • Are your investments still appropriately aligned with your risk temperaments and length of investment?
  • Are you paying too much for a financial advisor?
  • Have you set a certain percentage of your budget to invest?


  • Do you have a good system in place for recording your auto mileage?
  • Do you have a good system in place for tracking all your business related expenses?  Check out Outright.
  • Would this be a good year to file taxes using a tax software? I use Turbo Tax.
  • Have you recently reviewed tax deductions?
  • Do you need to change your withholdings?



  • How often did you miss bill payments?  Do you need to set up automatic billing?


  • Are your kids old enough to start an allowance system?
  • Have you and your spouse discussed how to teach your kids about money?
  • Have you started saving anything for college?
  • Have you researched the advantages of a Roth IRA hybrid approach?


  • Should you consider adjusting your deductibles?
  • When was the last time you compared the price of your insurance plans?  If longer than a year, time to check around.
  • Do you have medical insurance, life insurance, and auto insurance?
  • Have you reviewed your policy lately to be sure it still fits with your stage in life?


  • Do you need to increase your giving?
  • Are there any new charities you want to be involved in?


  • This year I want to spend more on …
  • This year I want to spend less on …


The Big Picture

  • Do you know what role money plays in your spiritual life?
  • Do you know how to curb your spending appetite?
  • Have you recently read Bible verses about money?

Marriage and Money

  • Are you and your spouse on the same page with money?  Do you ask questions about marriage and money?
  • When was the last time you shared your life dreams and financial dreams with each other?
  • How often do you disagree about money?  How could you minimize that amount?

I know this information might seem overwhelming.  Just pick five issues you want to address this year and then turn them into goals.

Photo by Anolobb

If you already have some 2011 financial goals, what are your goals?  Share them in the comments below.


  1. says

    Just an observation-

    I think the first question should be, “Where is God in the financial picture of your life” From a spiritual or scripture standpoint, there are more than 800 references about money/finances in the bible. This is obviously significant in that God Almighty definately has a reason for teaching us about steweardship/tithing. Remember, God who is Creator of ALL, is owner of all-including our finances.

    (Matthew 6:24 one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money.” I think it is important to involve God in all aspects of our lives-including our personal finances as well, and the only way to make inroads in debt elimination, and wealth accumulation is to involve God in all aspects of your personal and financial lives.



    • says

      I could have ordered the list, but I guess got lazy. I just jumbled them all together. Thanks for identifying the most important question.

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