Getting Refocused on your Financial Goals

As with other areas of our lives, it is important to have financial goals.  When you have goals, you have something to work towards.  One of the most popular times of the year to make financial goals is at the beginning of the year.  Many people make resolutions concerning their finances.

Now that 2012 is half way through, you may be thinking about the goals you have achieved or have not achieved.  If you have not achieved the goals you had planned, just start over instead of giving up completely.

If you have made mistakes, instead of reliving them, start over fresh.  As Suze Orman has said “forget the past”.  There is nothing you can do to undo mistakes you may have made.  Forget the past and take steps to move forward in the future.

Rethink your resolutions and goals

One reason you may not have accomplished your goals, is that they may be to big.  Rethink your goals and see if there are smaller steps to take to move towards your goal.  If savings is one of your goals and you didn’t meet your target amount, reconsider it and start saving some money.  Even if you only save a small amount per week or month, is better than not saving anything.

Keep the planning going

Once you set your goals you need to take steps daily or weekly to move towards the goals.  When you have a plan and know the steps you need to take towards the goal it is easier to attain the goal.  Make a list of your goals and once a day or week make a list of things you can do to move your closer to your goal.

Automate your System

With the use of computers and mobile phones it is easier than ever to automate things in your life.  You can set alarms to remind you to do certain things during the day.  If savings is one of your goals, it may be easier to stay on track if you automate the savings.  If you have a certain amount set to be withdrawn from your paycheck or checking account on certain days, it is less tempting to skip a month.  If you actually transfer the money, it may be easier to convince yourself you have other things to use the money for and skip a month.  Once you get in the habit of skipping the savings, it is harder to get back on track.

Stay focused

Sometimes you may get off track with your goals.  If you find this happening, sit down and think about what you really want to do and what you need to do to get to that point.