If setting goals in new to you and you don’t have any idea where to start, get a piece of paper out and make a wish list. Again, be as realistic as possible. If you are only making minimum wage and your wish is to buy a BMW or a Jaguar in next year and you already have other expenses, it’s not going to happen unless you also plan on increasing your income.

When you are making your wish list, you should also write down in how many years you would like to see it happen and approximately how much money it will take to fulfill this wish. Then decide order of importance of your list. Which wish you would like to work on first, next etc. If you are single, this is your starting point.

If you are married or have a partner, you should both work on your own lists. Then you should compare them and make compromises so you can both get as much of what you want as possible. Then work on order in which you will work on these goals.

The most important step in setting goals is implementing them. Making a list is fine, but if you stick it in a drawer with your paperwork and forget about it, it won’t do you any good. They have to be something that you really want and are willing to make changes and adjustments in your life in order to set money aside for them.

A dream will always be just a dream if you don’t have a plan of action to turn it into a goal and then to make that goal a reality. You need to keep that list with you or keep it where you can see it a few times a day. Look at it as often as possible. Keep thinking of where you are now and where you want to be in future. Think about what it’s going to take to get there and ways that you can accomplish those goals.

You don’t get a promotion or a raise at work without putting in effort to prove you deserve it. Your dreams will not turn into reality if you put them someplace and forget about them. You have to be willing to put time, effort and motivation that you use in other things into making your financial goals come true.

You can face your financial future and make it better. Whether your finances are in okay shape and you would like them to be better or whether you are having temporary difficulties. You just need to have a plan and determination and desire to follow it through.

Part II of this article is going to cover questions you need to think about to start goal process and more questions you should consider when you are starting to implement your goals into your budget.

You as a consumer have right to repair your own credit, but as stated before this is not a simple task, and will require a lot of time and patience. That is why there are agencies that are willing to help you repair your credit, and these agencies are also regulated by a federal law call Credit Repair Organizations Act, this act provides safeguards to protect consumer when dealing with credit repair companies. To find a credit repair company to assist you to repair your credit, just do a search on your favorite search engine, a recommended repair organization is, Millennium Credit Service their website address is http://www.millennium-credit.com.

Another important act passed by Federal Trade Commission concerns what actions are legal for debt collectors and collection agencies. This act known as Fair Debt Collection Practices Act was created to stop harassment by debt collectors, it outlines when and at what time collectors can contact consumer. It also covers what actions can be taken by consumer if they feel they are being harassed by collection agencies, and how report harassment if it occurs.

These two acts, Fair Credit Reporting Act, and Fair Debt Collection Practices Act are intended to protect consumer against abuses, but if you are unaware of these acts, then they will not be able to benefit you in restoring or rebuilding your credit. To find out more information on these acts visit Federal Trade Commission’s website at http://www.ftc.gov. Once you are familiar with what rights you have under law, you will be able to take control over what is contained in your credit file, and if necessary dispute any inaccuracies contained in file.