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How to Keep Up With Your 2018 Financial Goals?

March 7, 2018
financial goals

One of the most common New Year Resolutions is to meet the financial goals. In fact, for most of the young people achieving the financial goal is a top priority. A recent study has revealed that most people wanted to save money this year. However, the harsh truth is that another research has shown that only 9 percent of these people will be able to achieve their goals.

Every cloud has a silver lining, and for you, this means that you can be a part of this nine percent club. Here is a short guide for you to manage your financial tips from now onwards.

1. Set both Long- and Short-Term Financial Goals 

I guess both long- and short-term goals should be a part of every plan to reach the ultimate destination. It is necessary to take small steps to complete the path. The very first thing that you need to do is to jot down your long-term goal. Now break this goal into short-term goals. Be specific and concise. And also you should have a precise idea of why you are saving this money. A clear vision will help you in achieving your goals.


2. Track Your Expenses

Where are you spending your money? You can never manage your financial goal if you don’t keep track of your expenses. It is only when you note every payment, you will realize whether you are spending money on something that is relevant or you are just throwing away your money without even realizing. There are ample numbers of apps in Play Store that can help you to keep track of your expense.


3. Create a Budget

After you have a clear idea where you are spending your money and how much you are spending in a month, you can create your budget. Before creating a budget, try to answer the following three questions:

  1. How much do I earn?
  2. How much can I save in this month?
  3. How much can I afford to spend?

Answer these questions will help you in creating your budget. Try to break down your budget into a budgetary category to make things simple. Once you have created your budget, stick to it no matter what.


4. Review Your Credit Report 

I fail to understand why people don’t check their credit report. This is dangerous! Every year, make it a point to check your credit report just to make sure everything is alright. Also, check if there is anything negative on your credit report. Be it outstanding debts or late payments, the faster you notice it, the quicker you can work on it and fix it. Don’t forget to contact your credit reporting agency if you stumble across any inaccurate information.

check your credit report

5. Use Financial Apps 

Use financial apps to keep track of everything. There are plenty of apps out there dedicated to budget and other financial stuff. If you have a smartphone, use it for the best. Here are the top three financial apps available in Google Play Store:

  1. Monefy- Money Manager
  2. Money Lover: Budget Planner, Expense Tracker
  3. Walnut Money Manager- Budget & Bill Reminders

Install any of the above-listed apps and keep a better record of your financial stuff.


Wrap Up 

Meeting your 2018 financial goals is not a Herculean task. You can make it easy by taking the right approach. You need to stay committed, and I guess, that’s the hardest part! But still, I hope that you can stay invested, after all the reward will be sweet!



  1. this is all such great advice – creating a budget was so hard for me – thank goodness for a little help from my father!

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