New Year, New Financial Goals
Happy New Year! It is now 2021, a new beginning. Did you reach your financial goals last year? Maybe, maybe not. If you did, that's great! If you did not, that is alright too. Successfully reaching last year's goals should give you a feeling of accomplishment and, hopefully, the motivation you need to keep going. If you were unsuccessful, that's no reason to give up. You have to figure out where you went wrong and come up with a plan that really works. Maybe you set the goal too high; maybe you were hit with some unexpected expenses. These things happen, and that is no reason to quit. Setting Financial Goals Every year, I set some type of financial goal. A few years ago, I learned about a savings plan to increase your savings amount by a dollar each week. Week 1 - save $1, week 2 - save $2, week 3 - save $3, etc. This became my travel fund. I would save all year and use the money saved for vacation and travel. The second time I did it, I decided to increase each ...