An 11-Step Guide to Achieving Your Financial Goals

This is the year that you stop complaining about not having done much with your financial status. To help you out, here’s an 11-step guide that you can follow and by doing so have a much better financial state when 2016 comes.

#1 – Start with a Clean Slate

Let go of the money mistakes you’ve made in the past and resolve to never commit them again this year.

#2 – Reward Yourself for Goals Achieved 

Treating yourself after achieving a goal keeps you more motivated. So, try setting one for each accomplishment. Start simple. For example, treat yourself to a movie when you’ve saved what’s necessary for a certain month.

#3 – Work Towards a Salary Increase 


List down what you need to do in order to impress your boss – take an online course to improve a certain skill, come to work early, minimize cube hopping, etc.

#4 – Consider cutting some expenses 

Are you too busy to watch TV? Maybe it’s time to let go of your cable subscription. Test it out for a month and see if you really do miss it.

#5 – Do a low-cost excursion 

Try ditching the shopping or wining and dining at fancy restaurants for something more budget appropriate like heading to the museum on free admission night.

#6 – Reflect on progress 

Halfway into the year, take a look at what you’ve accomplished so far. Compare this with where you were years ago. Doing this motivates you to continue doing better.

#7 – Form a money habit 

Associate it with something you always do. For example, if you love drinking coffee in the morning, consider dropping $20 into a savings box you have at home. Repetition will make this into a habit.

#8 – Prepare for tax payment 

During the summer months, take time to prepare your taxes so you don’t get frazzled when the day to pay finally comes.

#9 – Increase loan payments 

First, check to see the progress of your finances. Can you afford to up your loan payments a bit? If it’s possible, then do it as it helps you reduce debt faster.

#10 – Use cash during the holidays 


Try putting aside a little cash at the start of the year for the shopping you’ll do during the holiday season. This way, you won’t be tempted to swipe your credit card.

#11 – Ask financially smart people for advice

Whether it’s a relative or a friend, get to know what they do with their finances and see which you can apply to your own life. Hopefully you’ll feel a lot better about your finances with this guide and continue to make good progress in keeping your finances in a healthy state.