What Are Your Financial Goals for 2019? Do You have a Plan to achieve them? Can you believe that 2018 is almost over and that 2019 is right around the corner.?
With every new year, goals and resolutions for what we hope to achieve over the coming year are almost always made and getting their finances on track is something that is on many people’s lists. While these will vary according to an individual’s personal circumstances there are some key financial goals that everyone should consider making a part of those 2019 new year’s resolutions to help them secure a more successful future in 2019 and beyond. Here’s a look at some of them:
What Are Your Financial Goals for 2019?
Increase your Income
Money still makes the world go round, but achieving the goal behind a statement like this can seem easier said than done. However, in many ways in 2019 it has never been easier to boost your earning potential, and in many cases without changing your job.
With even a little bit of extra income flowing in, you will have the opportunity to achieve other goals you may have for yourself (paying down debt, taking a holiday, saving for retirement to name just a few. Need examples? Here are just a few relatively easy ways to put some extra money in your pocket:
Love to drive? Uber’s hiring. Uber in South Africa is growing in leaps and bounds and it can be a great way to start your own ‘side business’ making use of an asset you already have; your car.
Speaking of new business styles have you considered online remote work if you’ve been thinking about a part-time job? Sites like UpWork – which just went public in the US where it is based – offer an increasing number of freelance jobs across a wide range of niches and the pay is often better than you might have ever thought.
What are Your Financial Goals for 2019?
Invest
Investing really is no longer reserved just for the very wealthy and, with a little bit of guidance you can boost your savings for important things like retirement (it is never too early to start saving for retirement by the way) leaving you with the much of the cash you might have invested in savings still in your pocket where it can be used for something good (or fun) today.
What are Your Financial Goals for 2019
Cut Down On Spending
This may seem obvious, but there is a way to go about spending less money that is more deliberate and less painful. Most of us don’t try to budget because it is just a little too painful – or so we imagine.
To make things easier choose a good budgeting app – 22seven and Moneysmart are good – and let it help you figure out where your money REALLY goes every month. Many people find that it is from the eating out and shopping categories that the fat can be most easily cut. . The good news is these are not that hard to cut down on.
Take the time to figure out what you tend to spend your money on in those categories that you really don’t need to. Is it morning runs to the coffee shop? Eating out with your friends a few nights a week? Getting sucked in by those “super mega sale” emails from your favourite shop?
Whatever your personal weak spot is, find a way to reduce it. Unsubscribe from those tempting emails. Have friends round to dinner instead of eating out and make everyone responsible for bringing one dish. Invest in a batter coffeemaker and then start making ALL your coffee at home. You really will be surprised by how much you save doing all of this and it really won’t hurt at all.
What are Your Financial Goals for 2019?
Invest in Yourself in 2019
You are your own greatest commodity. You are also in charge of your career and your earning potential. There are lots of ways you can invest in yourself…here are just a few:
- Buy books that will help you learn a new skill.
- Attend industry conferences and workshops.
- Obtain a further education certificate within your current field
- Get networking – connections made this way can be a great way to uncover new professional opportunities.
- Take better care of your health. Join a gym, take a yoga class, finally cut out all those sugary sodas.
What are Your Financial Goals for 2019?
A Final Note
As we quickly approach 2019, we all want to set goals and resolutions that will help better our lives. Your financial status is one that should be at the top of your list and then many of the other things on it – a new house or car, more time with family and friends, a nice holiday, whatever it is – will also be much easier to achieve. Need specialised help then speak with one of our Professional Financial Advisors and get help today.
Are Your 2018 Financial Goals on Track?