When it comes to money, we can sometimes be our own worst enemy. It’s not that we don’t want to succeed. It’s that we get in our own way. Or we just aren’t sure how to go from A to B.
So, today, here are three common, but very important mistakes people make with their savings goals. And, you’d better believe that I run into these too!
Can you resonate with any?
- #1 You have no idea what to save for.
- #2 You have goals, but they’re vague. Things like “save more money.” And they’re nowhere near specific enough to motivate you.
- #3 You get caught up in day-to-day living. After all, it’s in your face constantly. Ads, whiny kids, and convenient purchases are all wearing you down daily. And leaving you broke without even noticing in the moment.
If you’re tired of feeling like you’re wading in a swamp of mud to figure out your savings success, I’ve got you covered! Getting clear on your future is the first step to getting ahead financially.
First figure out what you want to save for. Then make SMART financial goals.
Specific – Tell when and where you’ll do the action.
Measurable – How will you measure your financial progress?
Attainable – Is it achievable? How will yo get there?
Relevant – Does it fit in with your overall goals?
Time-Based – Put a specific time limit on your goals.
By creating a specific and achievable target, you will turn even your biggest dreams into reality.
And the great thing is that when you take care of mistakes #1 and #2, you’re always avoiding mistake #3. Because once you have a clear mindset and goal action plan, the little tempations fall away.
Sure, they’re still there (and they always will be), but they’ll no longer have the same pull on you.