Search Results for: blog 5 steps for setting savings goals

One-Step Actions that Yield Big Savings

While all of the little things that we do on a daily basis can add up to great savings, sometimes we just need to find a way to make a big impact on our finances. For example, we may be experiencing a pay cut or loss of income, or facing a large expense, such a new furnace for the home or braces for a child. In these moments, we need a quick one-step action that will yield big savings. My husband and I are pushing to build up our emergency fund, just as prices for everything seem to be going … Continue reading →

Impossible Goals can Hurt You

Setting goals can be an important way to encourage yourself and build a business. Many of us need those goals to dangle like carrots and keep us moving forward and staying motivated. Setting goals that are too lofty, however, or ones that are overly-ambitious or impossible can actually hurt us—they can keep us from moving forward and growing our business operations. Setting reasonable goals—ones that require us to work and stretch in order to reach them, but not work endlessly without getting there—can be an important motivator. It is encouraging to be able to check things off our list and … Continue reading →

Monthly Money Goals

One great thing about budgeting is that you have the chance to start fresh each month. You may want to take time at the beginning of each month to choose one or two specific areas to work on. This helps you to continually move forward instead of dwelling on past mistakes. Your goals should vary from month to month so that you are continually working on improving your finances. Here are five ideas for money goals for the month. 1) One great goal is to cut back your spending in the food category. This could mean shopping the sales or … Continue reading →

Ticker Motivation!

A great motivator when you are losing weight and exercising is keeping track of such things as your measurements, your BMI (Body Mass Index) and your weight. There is something about seeing it in black and white that gets you excited and eager to get started on accomplishing your weight loss and fitness goals. Even more exciting and motivating is posting your goals and results on the internet for all to see. This is a great motivator, but a big step because once you post this information on the internet you are accountable. If you fail, you will have to … Continue reading →

Determine the Best Route

Money dreams and goals are not always simple. Sometimes you have more than one. How do you decide what to do and when? Should you try to follow all your dreams, but plan them at different times or should you just pick a few realistic ones? A great process is to create a money dream notebook. For each page, title it with the dream. Then start to keep track of both your feelings and research. The details you include will be dependent on the dream, but they can help you to plan and also compare your money goals. This notebook … Continue reading →

Creating a Cash Reserve

Everyone has heard the statement, be sure to save for emergencies. But how does this translate into real life and your budget? To protect yourself and your family from uncertain financial strife, it is important to create a cash reserve. Essentially this is a highly liquid cash account which you can easily draw from in an emergency. Types of situations where you may need this type of cash could be: • Car Accident • House Fire • Sudden Medical Illness • Theft • Death • Loss of Job • Injuries • Lawsuit Of course, none of these things sound pleasant, … Continue reading →