5 Tips to Help You Develop a More Realistic Financial Resolution

The moment of the turn of the year is indeed the best opportunity to start the step towards a better lifehttp://www.websiter43dsfr.com huh? In addition to careerhttp://www.websiter43dsfr.com healthhttp://www.websiter43dsfr.com and romance resolutionshttp://www.websiter43dsfr.com arranging financial resolutions is also important to make your financial condition more positive in next years. Don’t be sad if you are still wasteful and cannot reach your financial goals in this years plenty can help you to achieve your financial goals come true. What are you waiting forhttp://www.websiter43dsfr.com visit Plenty at www.plenty.com.auhttp://www.websiter43dsfr.com there are 5 tips to help you develop a more realistic financial resolution.

Value of Financial Situation Honestly

To compile a financial resolutionhttp://www.websiter43dsfr.com it is better to objectively review your situation and financial progress in this years. All assetshttp://www.websiter43dsfr.com income potentialhttp://www.websiter43dsfr.com and your current financial obligationshttp://www.websiter43dsfr.com will become a benchmark for prioritizing spending and saving in this years. Nowhttp://www.websiter43dsfr.com to be clearerhttp://www.websiter43dsfr.com try to answer the following questions firsthttp://www.websiter43dsfr.com yes.


What is your total income last yearhttp://www.websiter43dsfr.com and how much do you want it to increase? Can you realistically do something to help increase income?


What was your total expenditure last year? Are there unexpected expenses? Are you spending more heavily on certain things? Are there pension funds and emergency funds allocated?


What are the assets and investments that you currently havehttp://www.websiter43dsfr.com and how many?

Debt and Credit: If you have debt or credit to pay (motorcycle credithttp://www.websiter43dsfr.com bank loan)http://www.websiter43dsfr.com how much is the amount and how is the payment plan? How much is your credit card debt and has it been paid regularly?

Insurance: Are you currently participating in a life or health insurance program? Are premiums worth the coverhttp://www.websiter43dsfr.com or can you get a better deal?

Use the SMART Method

After knowing your financial condition accuratelyhttp://www.websiter43dsfr.com you can begin to compile financial resolutions more realistically and on target with the help of the SMART method.


Set the financial goals you want to achieve specifically with concrete steps you can take to achieve them.


Set ways and time frames to measure and assess your progress in achieving financial goals.


Set financial goals realistically and not too ambitioushttp://www.websiter43dsfr.com so you can be more confident in conquering challenges to achieve them.


Don’t make it uphttp://www.websiter43dsfr.com set goals according to your priorities and financial condition. Time-Bound. Breakdown of goals becomes a few short deadlines so you continue to be passionate about achieving them.

Take advantage of the Financial Application

Worried that you can’t meet your financial goals because you don’t painstakingly record your daily finances? When compiling financial resolutionshttp://www.websiter43dsfr.com don’t forget to enter the points to use the financial application to monitor your financial condition and accurately track your progress in achieving the stated goals.

Prioritize Automation

Even though you have made a budgethttp://www.websiter43dsfr.com it is difficult to resist the urge to shop or vacation if you know there is money in your accounthttp://www.websiter43dsfr.com huh? To work around thishttp://www.websiter43dsfr.com prioritize as much as possible automating the allocation of funds to pay bills (credit cardshttp://www.websiter43dsfr.com insurance premiumshttp://www.websiter43dsfr.com electricity accounts)http://www.websiter43dsfr.com investments (forex trading)http://www.websiter43dsfr.com or emergency fund deposits in special accounts. Sohttp://www.websiter43dsfr.com contact the bank to arrange automation and just leave the money in the salary account for daily expenses so that it is not easy to be tempted by a momentary push.

Set incentives

In order to continue to be motivated to achieve financial goals in this yearshttp://www.websiter43dsfr.com when compiling financial resolutionshttp://www.websiter43dsfr.com also include personal incentives for each goal achieved in accordance with deadlines. The incentive does not need to be something that is costlyhttp://www.websiter43dsfr.com because the most important thing is to make your struggle to achieve goals still feel goodhttp://www.websiter43dsfr.com such as facialshttp://www.websiter43dsfr.com lunch at favorite restaurantshttp://www.websiter43dsfr.com or watching movies in theaters.

Not badhttp://www.websiter43dsfr.com if you can arrange financial resolutions while learning more about managing personal finance. What is the financial goal you want to achieve in next years?