Creating a plan to help you reach your financial goals
Nearly 80% of Americans have a clear picture of what they want their money to do for them, but almost half still have no more than a vague strategy to reach those goals, according to the 2024 Wells Fargo Money Study.* This disconnect can be a source of stress, but building a plan can help.
A plan helps you outline your goals for the future while figuring out what strategies you need to reach those goals, and it isn't just about running the numbers—it's about managing your money with intention. These steps can help you get started on your plan today.
Step 1: Define your goals
First things first: it's important to figure out where you're headed. Your goals are the heart of your plan. They should be clear, specific, and most importantly, achievable. Break them down into short-term (within a year), mid-term (two to five years), and long-term (beyond five years) goals.
If you're eyeing a new car in the next three years, for instance, do a little research on the cost and decide whether you're saving for a down payment or planning to pay in full. Estimate how much you'll need and set a timeline to help you start saving. Then, simply repeat this process with each of your goals. You can use LifeSync® in the Wells Fargo Mobile® app to create goals, see your progress, and help you stay on track.
Wells Fargo is here to support you every step of the way. Explore our resources, tools, and strategies designed to boost your financial knowledge and help you achieve your goals.
* On behalf of Wells Fargo, Versta Research conducted a national survey of 3,403 U.S. adults and 203 U.S. teens age 14 to 17. Sampling was stratified and data were weighted by age, gender, race, ethnicity, income and education to achieve accurate representation of the current population based on estimates from the U.S. Census Bureau. The survey was conducted from September 5 to October 3, 2023. Most findings are reported based on the full sample of adults. Comparisons and data from teens are noted separately.
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LifeSync® is available on the smartphone versions of the Wells Fargo Mobile® app. Additional device availability may vary. Availability may be affected by your mobile carrier's coverage area. Your mobile carrier's message and data rates may apply.
Step 1: Define your goals 