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5 Ways to Reach Your Financial Goals in 2024

Ever since the global pandemic began, people realize more than ever the importance of having healthy finances. In the blink of an eye, many people lost all sources of income. The government benefits and relief kicks in very slow. People saw their unpaid rent and bills pile up.


Even before the pandemic hit, the majority of American’s could not even afford a minor $500 pop-up expense, and that was when they had a steady stream of income!


Now that the world is slowly climbing back to pre-pandemic days, people can begin to recover mentally, physically, and financially.

Create A Roadmap to Achieve Your Financial Goals

There is not one financial plan out there that works for 100% of people. Each person has a different dream of how they see their life in the future with various means. Some people have no problem minimally spending and living on a barebones budget, whereas some people still like to spend money on things that please them. Some people dream of having a house with a yard for their kids or fur-babies to run around in, whereas some people’s dream is to have enough money to travel the world as they please.


It doesn’t matter the dream, all lifestyles need some amount of financial support. Are you ready to start living your dream?


Here are 5 ways you can get closer to achieving your financial goals:

Define Your Financial Goals or Dream

Without knowing what your goal or endgame is, how will you know what to work towards? The most important step to create an overall goal or a list of goals that you would like to achieve. This could be as simple as— pay off all credit card debt by the time you are 40— save up a 20% deposit for a mortgage— pay off a car note— save an emergency fund— invest and grow month for retirement.

Review your Current Income and Expenses

If you understand the month that you have coming in and going out, you will be able to see where your money goes each month. If you have credit card debt and truly analyze how much of your hard-earned money goes to interest each month, you may feel disgusted. Hopefully, it will motivate you to begin chipping away to pay down your debt.


Create A Spending Plan

Saving money and achieving financial goals does not mean you need to hide at home every day so you don’t spend a penny. Slight adjustments to your spending habit will help you spend less money. Instead of ordering food delivery to your door, go pick it up curbside. Instead of taking a Uber, use the public transit system. Instead of dining out at an expensive restaurant, shop around for happy hour discounts.

Save a Rainy Day Fund

Emergencies happen. Instead of throwing an emergency back on a credit card, be prepared by having an emergency fun with easily accessible money. By doing this, you can be accruing interest on the emergency fund instead of throwing the emergency on a credit card and paying interest to someone. Start small with $1,000 in your fund. It is recommending to have 6 months’ worth of income or expenses in a full emergency fund.

Invest Your Money and Watch it Grow

Money sitting in a standard bank savings account will accrue minimal interest over time. Instead, invest money in EFTs and stocks and watch your money work for you. When done right, investing can grow your money much faster. Warning— If you do not have experience with investing, make sure you read up on best practices and tips for new investors. Stay away from risky stocks if you are not experienced in trading.

Now Is The Time to Achieve Your Financial Goals

With these easy-to-implement tips, you can make some adjustments to your current practices and get yourself on a path to reaching your financial goals. It will not happen overnight but the more effort you put in, the closer you will be to living your dream.

Zaraki Kenpachi