07 Sep
2010

For many people, September is like a new New Year’s Day. Many people set new goals at this time of year. If you go to school, a new year is beginning for you. If you have children, you are likely getting a fresh start, as well, once your children return to classes. It’s an ideal time to set some new financial resolutions – even if you have not met your New Year’s financial goals. Here’s how:

1) Review your New Year’s goals, if you set any. Did you resolve to get rid of your payday loan debt or credit card balances? Did you promise yourself to make a certain amount to improve your credit score? How did you do? Don’t berate yourself; just notice the progress you have made.

2) If you have made progress on your goals, revise them now to reflect where life is taking you. If you did meet some of your financial goals, for example, set some new ones. If you did not make any progress, toss out your New Year’s goals list and start over. You can still start fresh and still make lots of progress on your financial goals through the end of the year.

3) Go over your goals to make sure they are something you want. Also, make sure they are measurable, specific, and have a firm deadline. “Make $1000 more in income by the end of September” is better than “improve my income.” Write your goals out and post them where you will see them.

4) Start moving on your goals. Check out some good online financial resources or make an appointment to speak to a financial professional to get started on your goals.