Set Your Goal

The first step is to decide what it is you are trying to achieve. What are your financial plans and goals you want to reach in the new year? Once you decide on your direction, create a realistic plan that works for you. Your plan could be as simple as saving a little extra each month so you can vacation guilt free or adding a little extra monthly towards a debt to pay it down faster. Whatever it is, know that it is okay if it takes time to get there. Most financial goals do. For larger goals, create stepping stones to help you reach the finish line. For example, a down payment on a home or retirement, probably will not happen quickly. Breaking up this goal into small goals will help it feel more attainable. If you are aiming to put $10,000 down for a home but you have nothing saved yet, break it down into a realistic amount you can put away each month to get there. You can create check points throughout the year to make sure you are staying on track, then celebrate when you reach your smaller goals. Having the smaller goals will help you stay motivated while you work towards your long-term goals.