Yusra3
Banned
When it comes to setting financial resolutions, you should always remember that you have control over your life. Any goal is achievable, but you must make a strategy and follow it. Taking stock of your existing position is the first step. What are your current financial circumstances? How much do you have in the bank? How much debt do you have? Are there any debts that are currently being paid off?
Next, think about what your goals are. Write them down and review them regularly on paper or in a journal so that they stay top of mind when it's time to make decisions and so they don't get lost amid all the other things on your plate.
Making a plan is the exciting part that's next! Start by identifying what needs to happen before each goal is reached. For instance, if one of your goals is saving more money for retirement, start by identifying why saving more is important. perhaps because eventually you want to travel or buy a home. Write down your short-term and long-term goals, as well as what you want to accomplish in each area of your life. then consider how much money you must earn to fulfil those goals. For example, if you want to save $1,000 for a vacation but also need $3,000 for your next car payment, then it makes sense for you to focus on saving up $1,000 first so that after that big payment comes due, you can have the extra cash on hand to buy the next car.
After setting these financial resolutions, create a plan that outlines the steps you'll take toward achieving them. Then review this plan regularly and keep track of how far along you are on each step until they're complete!
Next, think about what your goals are. Write them down and review them regularly on paper or in a journal so that they stay top of mind when it's time to make decisions and so they don't get lost amid all the other things on your plate.
Making a plan is the exciting part that's next! Start by identifying what needs to happen before each goal is reached. For instance, if one of your goals is saving more money for retirement, start by identifying why saving more is important. perhaps because eventually you want to travel or buy a home. Write down your short-term and long-term goals, as well as what you want to accomplish in each area of your life. then consider how much money you must earn to fulfil those goals. For example, if you want to save $1,000 for a vacation but also need $3,000 for your next car payment, then it makes sense for you to focus on saving up $1,000 first so that after that big payment comes due, you can have the extra cash on hand to buy the next car.
After setting these financial resolutions, create a plan that outlines the steps you'll take toward achieving them. Then review this plan regularly and keep track of how far along you are on each step until they're complete!
