How to stick to your financial goals in 2019

Jan 3rd, 2019 | By FCT

Ringing in a new year always comes with the promise of change. Many of us set goals, create New Year’s resolutions, and make plans for what is to come.

One of the most common things that we do is to set financial goals for ourselves. Whether it’s saving up for a down payment on a house, buying a new car or paying off some debt, here are some ways you can stick to your financial goals this year.

Create an action plan

Set a financial goal and a timeline that you want to accomplish this goal by. After that you can work backwards and determine how to best achieve this goal. Whether it’s setting aside a certain dollar amount per pay or cutting down on extra expenses, your goal will be more achievable once you have a plan in place.

Set a realistic budget for yourself

Budgeting helps you keep track of where your income is going. Once you’ve set aside money to cover your monthly expenses, you can decide how much of your remaining income you would like to spend on food, entertainment, shopping or anything else, and how much of it you would like to save. Be realistic with your budget; if you have social commitments, events or other occasions coming up, plan accordingly. There are a number of apps that can help you set up and track your budget.

Have an emergency fund ready

Emergency expenses can seriously derail your budget and spending plans. Every month, try to set aside a small amount in a dedicated account for unplanned expenses. Most bank accounts can set up an automatic deposit to a savings account for you.


Do you have any other tips to stay on track with your financial goals? Be sure to share them with us in the comments below!

Categories: FCT, Property Owners

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