Money is a big deal, and we’re never going to be able to sweep the financial aspect of our lives aside. We have to pay bills, buy food, get our homes repaired when they break down, afford clothes to keep us warm, invest in entertainment for fun every now and then, and on top of that, you’ve got a credit score that shows anyone who’s interested how good you are with money! Money clearly makes the world go round, and we always need some on our side.
So you’ve probably got some financial goals, and you’re trying to stick to them to give yourself a smoother ride towards the future. But what do yours look like, and can you stick to them?
At the end of the day, stacks of pennies really do add up! (Source)
Are You Working with Your Expectations?
Because if you are, there’s a good chance you’re not working toward a goal at all. We expect a lot out of life, and quite a few of us like to imagine our future selves sitting in a mansion we’ve bought all on our own, sipping champagne on a chaise lounge. If you’re serious about this kind of ambition, you know you’re going to be in for a long ride, and you’ve looked into your options. But it takes an awful lot of work to get there, and you might not be doing enough right now to set up for it.
You’re going to need your expectations to align with the realistic goals you set. For example, if you don’t have more than two pennies to rub together right now, because all your money is going towards paying off a mortgage or keeping the electricity on in your flat, it’s clear something’s got to give. You’re not going to have a lamborghini within the next year, not unless you make a few big changes and level your head out a little!
Do You Have the Future in Mind?
You want to always plan for the future when it comes to your finances, and you can only do that if you’re saving up a few pennies and pounds every time you receive a paycheck. After all, not only does this max out your rainy day or leisure fund, but it makes sure you’ve got money put aside to take care of you later on in life.
So if you’re someone who tends to make some bad decisions with impulsive spending, it’s time to examine your plan of action. After all, you want to look at your finances holistically, rather than in the moment. It might be smart for you to head to smartpension.co.uk to get some ideas, or you might want to look up some budgeting plans that focus mostly on the saving aspect of your financial life.
Your financial goals might need a bit of work to look right on paper, but with tips like these dotted across the internet, you’re more than capable of doing so.
This is a collaborative post.