KICKSTART 2023 WITH THIS FINANCIAL PLAN
3-Step Financial Plan For 2023
Setting financial and savings goals for 2023 can be an exciting and empowering process. It allows you to not only be able to SEE the road ahead but also take control of your financial future.
Without a clear goal/plan, it’s like driving in the night with no headlights — you’re gonna crash!
Whether you want to…
✔ save your first million,
✔ acquire your first (or another) asset,
✔ save for a down payment on a house,
✔ build up your emergency fund,
Setting specific and achievable goals is an important step in the process. Here are 3 tips for setting clearn financial and savings goals for 2023:
- Determine Your Priorities — What’s your #1 goal?
The first step in setting financial and savings goals is to identify what is most important to you. What do you want 2023 to be to you? Is it the year of your first million? First 10 million? or the year you make the down payment for your first house? Or the year you become “xyz”? If you can fill in the blank: “2023 is the year _______ ” with a clear picture in your mind, then you’re set. - Set Specific Targets — How do you get the money?
After you have identified your main goal, it’s time to set specific targets. For example, if you want to save your first 10million, determine how much you need to save monthly and by when. If you want to get your first house, how much would you need to save per month? This will help you SEE the road to your goal and make it easier to track your progress. - Automate Your Savings — Automate goal-getting
Set up automatic transfers from your bank account to your savings account. Use autosave. You have no idea how much “savings” can help you get your goals. Prioritize your weekly/monthly savings! This way, your 2023 will be on autocruise.
Be realistic. Automate your saving to achieve your 2023 goals. Get started here
Bonus tips…
4. Overcompensate — Do More than Normal!
The way to truly achieve your goal by doing more than normal. If you want to make 1 million this year, work hard for 10 million (seriously!), if you want to win 1 scholarship this year, apply for 20. If you want to learn a skill by June, aim to learn it by March! Overcomepensate!
5. Stay Motivated — Get an accountability partner
Achieving financial and savings goals can take time and you can easily loose steam, so it’s important to stay motivated. One way to do this is to track your progress and celebrate your accomplishments along the way. You can also set up a rewards system for yourself, such as treating yourself to a small indulgence once you reach a certain savings milestone. Or remain a strong financial community.
