Time really flies so fast. A few more days, and 2022 comes to an end. And as a new year is about to start, a new beginning and a new goal are set. I always make a goal for the coming year, and this one for 2023 is to save more. Why? Because the past few years have been tough, like when the pandemic struck and lockdowns were implemented, it’s really hard since everything is shut down and no source of income is generated. Now, with the ongoing economic inflation and almost everything’s price increasing, this has made me realize that it’s time to improve my financial status. The question is: how to start? Ha-ha, funny that it’s really easy to set a goal but hard to start and accomplish it because it really needs a lot of determination and discipline.
Here are some ideas that I think can help me with accomplishing my goal this 2023:
- Setting a Specific Goal
The first step is setting up a specific goal. A goal is something you want or are determined to achieve. Since my goal is to improve my finances, I should have a specific amount that I want to save and know how long it will take me to save for it. And I’m glad that technology is improving and finding ways to help people save money. Using a savings calculator can help me decide the amount and how long it will take me to achieve the amount I want to achieve.
In the Saving Goals Calculator, it offers 2 options:
The first calculator presumes you know how much you are going to save each month, but want to calculate how long it will take you to reach your goal.
The second calculator presumes you know when you need to have money saved up by, but do not know how much you will need to save in order to reach that goal.
- Stick to your goal
The second step is a little bit hard because you need to stick to your goal. Once you have a specific goal, stick to it. For example: If you plan to save 500 a month make sure you do it without fail.
- Keep it somewhere not easily accessible
Well, for a big spender like me, it is much better to keep it somewhere it’s not easily available, so you will not be tempting. In this way, it can help you save up.
- Determination and Discipline
For me to accomplish your goal, these two are very important parts of being successful with your goal. With one hundred percent determination and discipline, I’m confident you can do it.
By following these tips, hopefully it can help you save money for the next year. It may seem challenging, but it’s really worth it.