Find ways to simplify your process
Saving for your goals can be difficult if you’re doing it manually. Find ways that you can make the process simpler to give you no excuse not to stay on track with your goals. For example, if you have a goal to save for the holidays or for a special vacation ahead of time, the best thing you can do is separate the money you want into a different account. Sikorsky Credit Union’s Club Accounts
help you keep that money separately. You can build up these accounts each paycheck by setting up automatic transfers or using direct deposit
Have realistic goals and expectations
When you’re setting your goals, have them be something you can reach for. Once you reach this goal, then make the next one a little bit further of a reach. Breaking down your goals into smaller chunks will make it seems less overwhelming and you’re able to feel good and accomplished reaching each goal. Setting smaller realistic goals can help you reach your big goal that seems out of reach. For example, if one of your main goals in to become debt free, set a bunch of smaller goals like “pay off credit card debt” or go even smaller with a goal of paying off one credit card. The bigger goals will take a while to pay off and that’s okay – the smaller goals along the way will help you to stay motivated.
Getting organized and knowing where you’re at financially is an important step to take. How are you supposed to stay on track with your goals and actively start saving if you don’t know exactly how much you’re spending each month anyway? Reviewing your finances and setting a budget to follow can help you to stay on track with your financial goals.
Put your goals and how you will achieve them in writing
Instead of trying to keep everything you’ve planned out in your memory – write down your goals and how you will achieve them. This is a way of not only committing to these goals, but also keeping them top of mind. Having your plan written out will help you stay organized and will be something to refer to when you want to see your progress and how much farther you have to go.
When you stay on track with your financial goals, you’re setting yourself up for success. Take advantage of some of the helpful tools that Sikorsky Credit Union has to offer that can help you stay on track with your goals. Online banking
and our mobile app
can be great ways for you to keep on top of your finances. Additionally, using tools like direct deposit to transfer money out of your main account to other accounts can help you simplify your process.
Setting financial goals is a great way to ensure you get to where you want to go. Whether that’s saving for retirement, becoming debt free, paying off student loans or another goal entirely, having a set goal to reach is important to change your financial health. But it’s one thing to set goals, and another thing entirely to stay on track with your goals. Often times it can be harder than setting the goals to begin with! So how do you stay on track with your financial goals? Keep reading to find out.