As 2019 comes to a close, you’ll likely be pretty busy with the Christmas rush. Pretty soon it’ll be a brand new year, and there’s no better time to set some new goals for your finances. You may have hit a few of your financial goals this year, but perhaps there’s still a few things you’d like to improve on? Money can be a big stressor at times, so it’s great self-care to get into some healthy financial habits.
Note: This is a contributed post. Some links in this post are affiliate links, which means I receive a commission if you make a purchase. Affiliate relationships include, but are not limited to, Bluehost, Amazon Associates, Walmart.com SM, and Etsy.
[ctt template=”4″ link=”DKyli” via=”yes” ]Pretty soon it’ll be a brand new year, and there’s no better time to set some new goals for your finances. Here are some financial goal ideas for 2020.[/ctt]
Set a stricter budget
If you want to make savings and feel more financially secure, you’ve got to set a stricter budget. Go through all of your expenses in the finest detail, be brutal, and make a few tweaks and cuts. If you amend your budget, and it doesn’t work- you can always come back and revise it. At this stage, the key is trial and error to see what savings you could be making. Perhaps you could make some savings by switching your supermarket? Maybe there’s a more attractive mobile phone tariff that you’ve seen somewhere? Each little really saving can help.
Build an emergency fund
If you don’t have an emergency fund, then perhaps 2020 is the time to start one. We all need a bit saved for a rainy day. Sometimes life hands us unexpected setbacks that can impact our finances. When you revise your budget, determine a monthly amount that you can comfortably put into an emergency fund. Over the course of the year, you might be able to increase this amount, depending on your circumstances.
Review your utilities
When was the last time you did some money comparison on your utilities? If it’s been a while, it could be time to suss out some new savings. There are plenty of money comparison websites out there that can help you to seek out better deals. Green energy companies can help you to save money on your bills plus save the earth in the process! Budgeting apps like PocketGuard can help you budget your monthly expenses and check for cheaper tariffs elsewhere. It’s all about getting into good habits now that set you up for years to come. Those who could do with some advice on their financial situation can look to Financial Planner services for a little help and support.
Saving money can be simpler when you get into frugal habits. Next time your car needs petrol, leave it on the drive and take a walk instead. When your pals ask you out for coffee – tell them to come over to your house for coffee instead. If you’re in need of some new homeware items, hit a second-hand store and see what deals you can find. Skip the cinema trip for a Netflix duvet day, take your kids to the forest instead of the theme park. It’s not to say that you can’t have the odd treat now and then, it’s just about embracing the beauty of ‘the best things in life are free’. From frugal recipes to selling your old stuff, it all adds up!
How To Make Your Goals Successful
Whatever your financial goals are for this year, it is important to follow through with them and make them successful. Tracking goals and making adjustments during the year is crucial when it comes to having a successful financial year. Websites and software applications like Pigly.Com can help you make sure your goals are on track!
This is a contributed post.
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