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Your list of goals should go hand-in-hand with your budgeting strategy. If you're saving up to afford your own apartment, you should do research to see how much you can expect to pay for rent. If you're applying to grad school, see what scholarships you're eligible for and how you'll be able to swing your budget to make up for the rest. Personally, my first goal was to pay off all my credit card debt, and I had to rearrange my budget to make that happen. Making a budget plan will give you a visual representation of how close you are to moving out — yay!