Achieve your Goals in 2014
It's that time of year again when we look back and assess the year that has passed and plan for the year to come. Like most Canadians, your 2014 plans probably include some financial goals like spending less, saving more and investing wisely.
If you are like most people – you may have fallen a little short of your 2013 goals. Goal setting can be challenging. You set -them with the best of intentions and then real life happens. Not to worry, with these three tips, achieving your financial goals will be easier than ever before.
- Make your goals S-M-A-R-T. (Specific, Measurable, Achievable, Relevant and Time-bound)
- Make them automatic.
- Check-in every month.
Rather than saying "I want to save more money" say, "I will save $100 per month in my RRSP." SMART goals are easier to implement, measure and are much more likely to get done!
Life happens. Distractions pop up all the time. By setting up automated savings, payments or transfers – you'll ensure that these distractions don't get between you and your goals. If you have to think about it, there is a chance you'll forget about it. Don't forget, automate your plans today.
Follow-up is important. Comparing your actual performance with your goals gives you a chance to make corrections if you are straying from the plan before it's too late. If you're on track – checking in and finding success can be a great motivator for next month!
For more information on how Outlook Financial can help you achieve your financial goals call or email us today!