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A few days after the start of the year, many people think of theirs New Years Resolutions: Lose weight, exercise, buy a new car, a new house, take this trip, or any other purpose that has been left behind year after year.
Most of the time, this happens because people are not really paying attention to achieving their goals, or there are just so many out there that they are not focusing on achieving one, and at the end of the year they find that they haven’t even got one have started.
These are some financial goals to include on your list so that you can meet all of your other goals.
Remember, before setting a purpose, you need to be convinced that it is paramount to your life, otherwise it will become more difficult for you to fulfill.
GOAL 1. Control my monthly budget
If you’re not used to keeping track of your money, this is a good time to start. It is very important that you know how much money you are spending and what for, but it is even more important to know how much money is in your pocket.
If you’re not one of those people who are used to keeping all expenses and income in a notebook (because you always forget them), use an app because we’re all glued to the phone and how you can better control our money .
There are several applications for iOs and Android that you can download for free. One that I recommend is Monthly budget. You can create charts, download files and see how much you have and how much you have spent every day. You can also send notifications when your budget is tight. .
GOAL 2. Reduce ant costs
The worst sabotage you can wreak on your finances is having ant expenses and not being aware of them. We’re talking about morning coffee, afternoon potato chips, and anything that disappears in a moment and helps to empty your wallet.
You need to assign a destination to every peso that gets into your pocket so that you have previously used it for something specific and can barely use it for anything else.
GOAL 3. Don’t make emotional purchases
Even if it’s not a sales or sales season, always take at least a minute to consider whether you really need what you are going to buy, especially when you go to the grocery store. Always try to keep a list of what to buy. When you see something that is not included, remember to ask yourself: do I want it or do I need it?
GOAL 4. Manage my money better
To better manage your money, the first thing you need to do is determine what you are doing wrong or what points need improvement so that you can increase your results.
I recommend that you start with a management system that allows you to split your money across different accounts for better control and not spend a little on a single account until suddenly you are zero and you don’t know how.
GOAL 5. Pay off my debts on time
Debt is one of the most common problems people face, and it’s not a bad thing to be in debt. The bad thing is that they get out of hand and then you don’t know what to do.
If you have debts, ideally liquidate them immediately. However, if you don’t have the capital to cover the total amount, you can make advance payments so that you can reduce them as much as possible and make them no longer a problem for you.
GOAL 6. Finish 2019 debt free
Getting into debt means spending money that hasn’t yet reached your pockets and using your future income to pay for the debt. If you’ve already managed to reduce or maybe even pay off your debt, you won’t get a new one. Allow yourself to end the year and start the new calm and debt free with healthy finances.
GOAL 7. Multiply my income
Lots of people are always looking for a way to save or simplify spending and that’s because they focus on how much money is coming out of their wallets, but the real problem is they don’t take into account how much money is coming in. You should look for investments that can help you multiply your money.
GOAL 8. Diversify my investments
If you are new to investing, start now. You don’t have to invest a lot of money or be an expert, you can start in Cetes from $ 100. The joke is that you choose to start.
On the contrary, if you’ve invested a long time, it’s time to take the next step and take a risk. Remember, no investment is risk free, but it is important that you look for other vehicles that will give you higher returns.
GOAL 9. Plan my future (retirement plan)
No matter how old you are, you should always think ahead and that means you have to make sure of it. There are plans that let you choose how much and how to save based on your needs. Look for the best options to create a retirement plan that will allow you to live the lifestyle you are used to when you are older or in the event of a disability.
GOAL 10. Invest in my financial education
When you have no idea how to better manage your money, plan your financial goals well, grow your money, invest it, or start your business, your best bet is to invest in your financial education.
In order to achieve any goal that you have set for yourself, it is important that you have discipline and commitment. It doesn’t matter how much you want to achieve if you don’t incorporate these two words into your lifestyle and turn your actions into a habit that will constantly help you achieve your goals.
We recommend: Avoid using your credit card in these 5 situations.