How to Get Motivated to Achieve Your Financial Goals

Financial motivation

Based on the fact that you clicked on this article, it’s safe to assume that you have some financial goals you’d like to reach. It is easy to set a goal or think of a goal, but as time passes we all seem to lose the necessary motivation to complete and fulfill these goals. And the truth is, motivation is key to your success!

What was once deemed possible, can seem impossible after a couple months of failure.

Despite the fact that there will be setbacks and failures when it comes to your financial goals, it’s important to keep yourself motivated. Unfortunately, so many people give up on their goals before they even have a chance to make progress. How to stay motivated? Here are some tips to keep you on track and focused despite what might come your way on your journey to financial success.

1. Create a reward system

Once you define your financial goals, you might fall into the trap of working excessively hard to achieve them. You may lose sleep and forgo other activities. This sounds nice in the beginning, but it’s not sustainable over time.

Aside from working hard on your goals, look into rewarding yourself for the small wins when you achieve them. It’s not reasonable to completely stop indulging in shopping, entertainment, or food once you set out on your goal. And even if you manage to do this for a while, you may end up feeling burnt out and ready to overindulge before you know it. So aim for steady change a little at a time with rewards built in rather than radically overhauling your entire life.

Wondering how to stay motivated? Instead of forgoing all of your favorite things, set aside a small portion of your budget devoted to a small splurge now and then. At the end of the month or week, if you stuck to your financial goals, you can then indulge.

This reward system will help you avoid splurging if you are getting frustrated during a rough patch in your journey. It will also make saving more rewarding, rather than a means of self-punishment for any previous financial mistakes you feel you have made.

2. Surround yourself with like-minded people

If you are setting out to save a certain amount of money or pay off a certain amount of debt, it’s best to be around people who are also in it to win it, just like you. This is one of the best ways if you’re looking for how to stay motivated. These people can keep you accountable for your financial goals.

A great place to seek out like-minded people is right here with Clever Girl Finance! Here, you will find a plethora of women seeking a community of people with the same financial goals as yourself.

You’d also be surprised how many people already in your network are looking to achieve the same financial goals as yourself. You can host a meeting to get others together. It all starts with one person.

3. Seek out personal finance information

One way to gain knowledge about finance, aside from trial and error, is reading personal finance books. Learning from the mistakes others have made is much more beneficial than having to learn the hard way. That’s why these books are available.

Another way to gain knowledge is to seek out personal finance events. At these events, you will be more engaged and meet others with the same goals and outlooks about money as you (again, more accountability).

These personal finance experts will be the first to tell you to focus on your “why”. If you focus on the “why” of your goal and how it will positively impact your life and well-being, you will be much more likely to stick with your financial goals.

Try to steer your focus away from the money or making more money. Instead, have any additional money you make be the byproduct of your goal. Simply focusing on how much money you would like to make, rather than a better life, is the quickest way to burning out.

4. Start off with small wins or small goals

We’ve all heard of the snowball effect! For instance, although it may make sense to tackle your largest debts first, doing it in reverse is great for your psyche because you’ll get to celebrate those small wins much faster than if you started with your highest balances. This, in turn, will keep you motivated and excited to go after your bigger financial goals.

So as you start to think of your goals, consider how you can set them up so you can reap the motivational benefit of achieving those small wins.


I hope these tips help if you’re wondering how to get motivated. What financial goals are setting for yourself now that you’ve read this?

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