It’s Never too Late to Set Financial Goals
The beginning of a new year is a great time to make new financial goals, but it’s not the only time. Though the new year has already picked up, it is not too late to make personal goals.
If you are like me, it never hurts to add some structure to your spending habits. Work hard now and reap the benefits of your financial success next holiday season or for whatever time frame you are saving. Here are a few goals that can be easily implemented into everyday life to help save some money.
Limit eating out.
I know this one is easier said than done! Sometimes, it is much more convenient to swing through a drive-through rather than planning a meal at the house. To achieve this goal, meal planning is your new best friend. It would be ideal to plan out each meal for the week ahead of time, then go to the grocery store and stock up on everything you need to fulfill your goals. Having food plans and ingredients ready for you at home will help you avoid those yummy, pocket-draining fast-food drive-throughs all around us!
Try a new budget.
Whether new to budgeting or not, it is always fun to switch things up a bit. This January, pick an interesting budget that speaks to you and give it a trial run. Trying different budgets can be beneficial in that it can help you determine what is most financially important in your life. There are many different budgets covered in the blogs on our website, including the 80/20, the 80/10/10, and the 50/30/20.
Limit unnecessary spending.
It can often be difficult not to act on impulse, especially when it comes to small purchases. Unfortunately, these small purchases tend to multiply and create a big dent in our accounts. So, commit yourself now; no spending on items you would not have “needed” if you did not happen upon them that day. If you are dead set on purchasing an item, give yourself a couple of weeks to think about the purchase. If it is something you still find necessary to buy, then you may make the purchase.
These are just three different ways to become more mindful of your spending, and there are so many ways to personalize these goals in your life. Pick a goal or two to start implementing in your own life and see if you notice a difference in your financial status. Remember, good things take time. So, if you do not immediately improve, do not fret. Keep working hard and monitoring your spending until your goals fall right into place!
|Brylee Bergbower is a student at the University of Texas at Tyler studying Kinesiology who is taking on the world, learning about financial matters, and writing about it for Kelly Community. In her spare time Brylee juggles two part-time jobs, spends time with family and friends, stays fit, and studies!