We’ve all been there. We’ve made a list of financial goals and set out to achieve them. It’s a great feeling… until you fail to follow through. It can be difficult to stay motivated to reach any goal, let alone financial goals.
Things come up. Fun new products are released. Houses go on sale. And the buy-now-and-don’t-pay-until-2018 deals can seem tempting (though they never should!). So, how can you stay on the road to monetary success in that type of environment?
Don’t deny yourself purchases, just delay them
Before you make that purchase, ask yourself if this purchase goes along with your long term financial goals. If not, then pass on it. But maybe this purchase isn’t something that you had thought of when you put your money into savings and you really do want it or need it. How do you know if it’s worth getting off track for?
When you find something that you are interested in purchasing, don’t buy it just right then, but rather put it on a list of things that you want. Put it on the list… and wait. For at least a month. If, after a month, you are no longer interested in the item, then you just made a very good financial move, and all it took was a month. On the other hand, if you are still excited about making the purchase after taking this time to reflect on the purchase, then chances are good that this will be a wise fiscal decision for you.
Stay up to date with the world of finance
One of the best ways to keep your eyes on the prize is to keep finance in the back of your mind. The great thing about finance is that it is a topic that is growing, changing, and evolving all of the time. There are lots of new and interesting tips and bits of information coming out constantly, and the internet is a great way for you to get these.
Start following Forbes Finance and keep an eye out for topics you love. The site has loads of finance information that focuses on the individual, and many of the emotional issues that come along with money.
CNN Money is another great website with posts that focus on finance from the perspective of young adults and deliver breaking news stories involving finances.
If you ever start to feel a little lost out there amidst all of your financial goals, find your way back to the goals that started you along the journey, and check in with the community that cares about finances the way that you do. Learn from your past financial mistakes and work toward future success!
How do you keep your financial goals in mind? And what are your favorite big-name finance sites?