It’s time to accomplish your financial goals
The beginning of a new year can come with added pressure and stress -- one day to make all the necessary changes to become a better person is enough to make you go crazy. I don’t usually wake up January 1st with much energy to start going to the gym or eating better. I typically wake up to the realization that my bank account has gotten smaller and my waistline bigger after the holidays. 😜 I then sit down on the couch, greasy food in hand, and tell myself January 2nd is as good a day as any to become my best self.
All jokes aside, when it comes to finances, any day is a good day to start making better decisions, and the sooner, the better. Here are a few things you can do at the beginning of the year that will help you achieve your financial goals.
1. Come up with a plan to reach your goals
Create a map to help you reach your ultimate financial goal. Whether it’s paying off debt or saving more, without direction, nothing is accomplished. Your plan can be broken down into smaller objectives to achieve throughout the year. For example, if you would like to save $5K by the end of the year, break that amount down into a smaller goal of $417/month. This way, you can easily track and make adjustments as needed. The same goes for paying off debt: break the total amount down into smaller (less intimidating) monthly goals. A consistent pattern of success will become your motivation.
2. Review and consolidate your financial accounts
One of the best things you can do during the beginning of the year is review all of your bank accounts, credit cards, insurance, and investments. Many financial institutions have hidden fees that can easily fall under your radar. Review all of your statements to make sure you aren’t paying unnecessary charges. You can also avoid fees by joining MoneyLion Core to get a Zero-Fee Checking Account℠ with no monthly service fees, no overdraft fees, and no required minimum balance. With Core, you’ll also have access to many traditional checking features, including dynamically visible balances, transfers, and statements, all in the palm of your hand.
3. Write down your goals
It’s not enough to say out loud what you would like to accomplish, write it down so you can hold your future self accountable. You may choose to post your financial goals on social media, so others can also hold you accountable. “I will be debt free by the end of the year,” posted to your Facebook or Twitter accounts will definitely get people’s attention. But don’t post any of your personal financial data!
4. Join America’s most powerful financial membership℠
Manage your finances effortlessly in 2019 with MoneyLion. We offer a Zero-Fee Checking℠ account with 0% APR Instacash℠ cash advances, a Zero-Fee Managed Investment℠ account, 5.99% APR Credit Builder Loans℠*, free credit monitoring, and more. Come check it out in the MoneyLion app, or learn more at moneylion.com.
The start of a new chapter
It sounds so simple, doesn’t it? It's the start of a new chapter, one where you’re financially responsible and aware of your goals. When you look back at this time next year and see the progress you’ve made, the sacrifice will be worth the results. So what’s your New Year’s financial resolution? Leave us a comment below.
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