You’ve taken the time to set your financial goals. But how do you make sure you’re on track to achieve them?
These things are the reason millions of people never achieve their financial goals. I want to share some critical mistakes you should avoid at all costs in order to achieve those goals you have set for yourself.
Why? Being aware of them will help you avoid making the same mistakes. It’s important to recognize the things that could cause you NOT to achieve your goals.
If you’re guilty of one or more of these, don’t worry. I’m also sharing the easy fixes that can get you back on track for success. So let’s get started.
Mistake #1: Ignoring the small goals
Think saving $10 a week or paying $50 to your credit card this month is a blip not worth tracking? As small as those small goals might seem, they matter so make them, track them and celebrate them when you achieve them. They can add up to major progress over time.
Mistake #2: Focusing solely on long-term goals
Yup! You read that right. Having long-term goals is essential to defining your big picture, but if you don’t break these goals down into smaller chunks that you track on a daily, weekly monthly or quarterly basis, then it’s easy to get overwhelmed and feel like you are making no progress at all.
Mistake #3: Lack of accountability
When you are not accountable, there’s no one to motivate you, remind you or keep you focused on what you are trying to accomplish. As a result, you might start getting complacent, putting things off and finding yourself in the perpetual state of getting things done “later” or worse still, telling yourself you can’t do it.
Mistake #4: Not checking in on your goals
How do you make progress with what you don’t track? Checking in on your goals is a must.
Mistake #5: Dismissing your progress
Just because your progress was small doesn’t mean it’s not worthwhile. Celebrate all victories, no matter how big or small. Not everything you do will result in massive strides, but as with point one, it all adds up.
Mistake #6: Not getting back up after you slip
Don’t settle for a situation because you made a mistake, overspent or bought something you shouldn’t have. Give yourself the grace to recognize your error or mistake, remember your why and get back to work!
7 tips to help you achieve your financial goals
No one is perfect, and mistakes happen. Fortunately, it’s easy to change your mindset and continue on your financial journey. Now, here are things you can do today to ensure that you succeed with your finances and achieve your goals.
Tip #1: Go way out of your comfort zone
Comfort zones suck, they keep you stuck and get you nowhere — obliterate yours and step all the way out in order to achieve your financial goals! Yes, you might hate it at first but the outcome will be so worth it!
Tip #2: Get sick of mediocre crap in your life
If mediocrity has been your story for the last year or the last several years, now it’s time to do things differently. You are not destined to be broke or to fail or to be bound by your negative family history. You can be the difference, the breakthrough, the success story! BUT you have to get sick and tired of mediocre and decide to make changes.
Tip #3: Face your triggers head-on
You probably know who or what causes you to slip up when you find yourself slipping up on your financial goals (and if you don’t, then start observing what’s happening each time you slip up). Identify those triggers and then come up with a game plan to avoid them and minimize the slip ups!
Tip #4: Lay those goals out
We talk about this all the time in our newsletter emails but I just have to reiterate — lay your goals out, break them into chunks, track your progress.
Tip #5: Set yourself up for success
Put your goals where you can see them, automate your savings and bill payment, get your accountability partner on board, find the resources that will help you (Hint: Join Clever Girl Finance) and decide that you will succeed!
Tip #6: Be okay with failure
Because you will fail, you will fall and you will falter and it’s ok. The silver lining behind it all are the lessons you will learn. Take the lessons and apply them to your next steps.
Tip #7: Rinse and repeat
Once the novelty of the new year has worn off and you start feeling blah. Find this list and rinse and repeat!
Financial goal setting is easy — accomplishing the goals is the hard part. But being aware of what holds people back can help you avoid the same mistakes and move you closer toward your goals. Keep your eye on the prize and don’t give up. Remember that it’ll be worth it.