Financial Goals That Are Easy To Stick To All Year
Financial Goals That Are Easy To Stick To All Year
June 19, 2023 By Cynthia Measom
Setting goals can be a key step in taking control of your finances. Putting a plan in place can help you stay on track and ultimately save more money. But financial goals can be hard to see through, and people often initially stick to their plan only to let those goals slide as time goes by.
To avoid giving up, here’s a tip: Instead of making your financial goals endless and challenging, take them month by month — and try to have some fun with each one. In a year, you may be surprised at what you’ve achieved financially.
Here are some ideas to get you started.
Save With a Bank that Tracks Your Spending to Improve Your Saving Habits
Milli Bank is an FDIC insured mobile bank that offers a 5.00% annual percentage yield (APY), so it’s already a great option to grow your money. But Milli is also known for its unique saving features. Milli allows you to separate your money into different Jars for different financial goals, so you can better visualize and keep track of your progress. The APY is current as of June 13, 2023, and is subject to change at any time.
Another important feature for those trying to set and stick to financial goals is Milli’s real-time spend tracking, which can show you how your spending affects your savings goals. Armed with this information, you can better understand your spending habits and where you need to make changes to meet your savings goals.
Comparison Shop To Find Better Deals on Services and Products You Use
You don’t have to tackle everything at once, but make it a goal each month to find a better deal on a product, service or interest rate. The first month, look at what you pay for internet service and see if you could pay less if you bundle it with cable and phone services. During month two, look at your credit cards and see if you could benefit from transferring a balance from a higher interest card to one with a lower interest rate. Or if you have stellar credit and payment history, call your creditor and ask for a lower rate.
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