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The end of 2018 is right around the corner. If you are like most people, you have probably been so focused on the holidays, family and friends, you haven’t even thought about the upcoming year, or what you want it to bring. Well, now’s the time to do just that.
While “goal setting” is somewhat of a trendy buzzword today, if you are like most, you are excited about the new year and the chance for a fresh start. However, if you haven’t started figuring out what you want for your finances in 2019, you may get to December again, and find you’ve accomplished nothing.
This is why planning is so important. Keep reading to learn what goals you should set, and how to create a “plan of attack” to achieve them.
One of the first things you need to consider when trying to set goals for your finances in 2019 is what you really want. For some, this may be what you need.
While taking a Caribbean vacation may seem tempting, is this the best way to reach your new goals? If it’s going to interfere with what you really want, then probably not. Some of the most common financial goals include:
The financial goal you have can be unique – there’s no right or wrong goal here – but you do need to define what your goal is. It may be that you have more than one, and that’s fine. However, you may need to prioritize and work on the most important first and then the others. This will give you the best chance of success.
Now that you have defined your financial goals for 2019, you have to figure out how you are going to achieve them – this is where the willpower and dedication comes in.
For example, if you want to pay off your credit card debt, it means you have to stop using them (except for true emergencies). Keep in mind that an amazing new designer bag is not an emergency!
To achieve your goals, you may have to make sacrifices, but if you are really dedicated to this financial goal, then making sacrifices is a must. Also, these sacrifices will pay off and allow you to have a better financial situation in 2019 and into the future.