You need to have financial goals because if you don't know where you are going, any train will get you there. You have to know where you want to go. Goals give you purpose. They give you momentum. They give you passion. I recommend people think about, where do I want to be financially a year from now? Five years from now? Ten years from now? Take those big goals into bite sized pieces, so that you can have things that you can do on a daily basis, weekly, and monthly basis that get you where you want to go. Even if you feel like you are in financial despair. Do not give up hope because if you save $60 this year, that would be $5 per month or $1.25 per week. Even setting microscopic goals. It's amazing the momentum it will give you. If you are moving forward, even at a snails pace, it's still moving forward.