It’s a cliche for a reason – the New Year is the perfect time to set new goals for yourself and to try and improve your life in a number of different ways.While for some people this might mean eating healthier or hitting the gym more frequently, we think that setting attainable financial goals is one of the best things you can do for yourself. Whether you have your own list of goals or are still trying to decide what to focus on, we’ve got some suggestion to help you keep your financial new years resolution:
Up Your Savings: If you don’t already have a savings account, go to your bank and set one up. If you’ve already got one, see if you can contribute more to your savings each month. Whether you view your savings account as an emergency fund or a place for your vacation money to grow, it’s never a bad idea to increase how much you put in there.
Don’t Dwell on Past Mistakes: Everyone makes financial mistakes at some point or another. Whether it’s making a bad investment or maxing out your credit card, it can be hard not to beat yourself up for past errors; the important thing is to learn from them. Become smarter with your money and don’t let yourself fall into the same traps as before. Educate yourself and do your best to maintain a positive attitude moving forward.
Give Yourself Permission to Dream: Have you been living in apartments and rentals for years and would love to buy a house but it seems impossible? Or maybe you’ve been looking at pictures of your dream car online but have no clue how you’d be able to afford it.
This is the time for you to start planning. You can buy a house or a car or whatever it is that you’ve been dreaming about. The key is be realistic and to plan ahead. Find out exactly how much you need to have saved up for your down payment. Do your research online and book an appointment with your bank or a financial advisor to see what other options might exist for you that you didn’t even know about.
Remember that you are not defined by your current financial situation and that everyone can have and stick to a new years resolution.
Need help sticking to your financial goals? Fill out an online application here.