Easily Reaching Your Money Goals

Easily Reaching Your Money Goals

Saving money is quite a feat.  And with New Year’s right around the corner it won’t be uncommon for people making resolutions to pay down debt a priority!  Myself, included.  But once you start paying off debt it can be easy to get off course!  Here are 5 ways to stay on course and keep paying off your debt a priority!


Choose your Money goals carefully

First and foremost, you need to make your goal something that is easily attainable.  Don’t say you’ll save $30,000 in 6 months.  And, if you do, and you make it work, then come find me because I need to know your ways!  For me, I was able to pay off $15,000 in debt and put $1,000 in emergency savings, and even paid off and cut up one of my credit cards over the past year.  With all of these accomplishments, I know I’ll be able to get the same results in 2018!


Write Down Your Money Goals!


The best method I have found to meet my financial goal is to write my goal down and be able to “check-in“ on myself.  I may or may not have this saved on my computer desktop where I can check it 15 times a day.  (I do, I totally do).  In fact, during a study conducted by Schwab bank, 40% of people like to write down their financial goals!  One super-easy way to do this that you can start NOW is to track it on Excel.

Make sure to break it down further, into short term and long term goals, as well as your wants and needs.  If you’re paying off debts your wants list should be really short.  Really short.  In a study done by Harvard people who write their goals down are able to easily accomplish their goals, whereas those that don’t write their goals down easily fail.

To be the most successful with this as you can be, you’ll need to visualize where you want to be in 1 year, 5 years, 10 years, etc… What are the steps you’ll need to get you there?  How does your day look?  Do you need to make changes in your life today to get there? You should be determined to easily reach your money goals.

money goals


Coloring financial tracker

To easily reach your money goals, use a financial tracker. I think these things are the coolest ever!  They’re really handy for teaching kids to save and adults…because let’s be honest, we’re all kids at heart :). Depending on which one you download you’ll color in a different square for each $100, or another set amount, you save.

You know those large thermometers you see when a school is trying to raise 2 million dollars?  Kind of the same idea!  Prettiful Designs on Etsy has some cool designs to choose from!  I’d suggest keeping this somewhere you can easily see on a daily basis, like your bathroom mirror or fridge!  It’s encouraging to see how far you’ve come, instead of constantly thinking how far you need to go.


Celebrate Milestones

Easily reaching your money goals should be celebrated. This is important!  Do a little celebration after you reach your goals!  It helps lift up your spirits and give you a little encouragement to keep saving!  This can be as simple as renting a movie or, for the final accomplishment, going on a weekend getaway!  Don’t forget to be money conscious though!  Use travel websites to book vacations, Airbnb instead of hotels, etc….

money goals

Get a side hustle

A side income is a good idea to easily reaching your money goals. As if I haven’t said this enough, debt is terrible, and paying it down can be a challenge.  However, if you only have the full-time income that you’re relying on to pay down your debts, you don’t have enough income.  There are many side hustles out there, my absolute favorite being Airbnb.  In 8 months I’ve earned $2,993 that I’ve been able to save and put down on debt.  If that’s not your thing though you can petsit with Rover, or even use TaskRabbit.  If you haven’t heard of TaskRabbit, it lets you help people in your area with household chores – putting together furniture, pack & unpack for moving, gardening, picking up dry cleaners, etc…Unfortunately, they aren’t in every city – including mine!  But I hear great things 😊

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