Avoiding these temptations isn't practical in today's world of modern marketing and keeping up with the Jones'. So how do we ensure that these temptations don't get to be too much?
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| Which direction will you go? |
The answer, goals. Having short, medium, and long term goals provides the necessary incentive to stay on your chosen financial path. Goals need to be Specific, Measurable, Achievable, Realistic, and Timely. If you can set goals in this way, you'll have given yourself a reason to stick to your financial plan.
Unlike some more abstract the goals, like eating better, or getting more sleep, financial goals are easily measurable using everyday free tools. Your bank probably already has tools on their website which can help you track you record spending and saving, for example. However, I prefer the excel spreadsheet method as it gives me more flexibility to see the data that's important to me in the way I want to see it.
Many of us say every January that we're going to do better: but why wait? If you want to be in a better financial situation, start now. You can do it!
Unlike some more abstract the goals, like eating better, or getting more sleep, financial goals are easily measurable using everyday free tools. Your bank probably already has tools on their website which can help you track you record spending and saving, for example. However, I prefer the excel spreadsheet method as it gives me more flexibility to see the data that's important to me in the way I want to see it.
Many of us say every January that we're going to do better: but why wait? If you want to be in a better financial situation, start now. You can do it!
