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Monday Motivation: 5 Steps to Keep your Finances on Track

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November is just around the corner and with that comes a renewed sense of organization. We are transitioning from slow summer days into fast-paced school or work life. That’s why this is a great time of year to re-evaluate your financial goals. Rather than waiting until the end of year to take note, checking in on your goals every 6 months or so will ensure that you continue to take the steps necessary to meet them.

Are you on the right track when it comes to your financial plan?

Are you on the right track when it comes to your financial plan?

You may be feeling like you have some catching up to do when it comes to meeting your goals. There is no better time like the present to re-focus and get back on track! Here are some steps to help get you there:

5 Easy Steps to Keep your Finances on Track

  1. Review – Take a moment to sit down and go through the financial goals that you wrote down at the beginning of the year. What have you accomplished? Are you still on schedule or do you need to create a new timeline? Without stressing yourself out, simply observe the areas you may be struggling with and take note of what small, actionable goals you could make to achieve your larger goal.
  2. Identify – As you are going through your list, pay attention to the milestones you have met. Give yourself a pat on the back for all of the achievements you have had so far. It is important to celebrate even the smallest successes because they mean you are on your way to a healthier financial life.
  3. Re-evaluate – If some of the goals you made in January are no longer relevant, that’s okay. Change is good. Whether you’ve bought a new home or are planning to have a baby, you will need to factor these life-changing decisions into your financial goals. Adjust or eliminate any goals that are not a part of your bigger picture.
  4. Prioritize – Have you been feeling a little behind lately? If you have daunting list of goals to meet by the end of the year, identify which ones are the most important and prioritize them. Feeling overwhelmed about how to reach your goals is counterproductive, so narrow your focus to the most important.
  5. Take action – The best way to get back on track is to determine exactly what you need to do to stay the course. Take those smaller goals and run with them. Breaking your list down into smaller, easily achieved goals will help you on your way to reaching your milestones before year’s end.

Remember, it doesn’t have to be stressful to meet your goals by the end of year. Take it one step at a time and soon you will find yourself back on the financial health bandwagon!

What are other ways you keep yourself on course? We’d love to hear your stories or questions! Simply drop us a line below or call us today 780.722.3000.