How to Achieve Your Financial Goals

Are you looking for highly effective ways to achieve your financial goals? We have prepared four helpful recommendations that will make managing your money easier.

1. Plan and Start Goals Now

In general, to be successful with your financial goals, it takes doing the things that most people won’t do. To get ahead, don’t plan later.

For example, most people wait until the first of the year to make their resolutions; Don’t be like most people!  If you are planning on making a New Year’s Resolution, spend a few hours before NYE planning your goals, write them down, and then block time on your calendar in the early months of the year. If you don’t have a calendar, get one. All goals begin with a plan. Then execute your strategy! The key is to start… now!

2. Create a Profile on LinkedIn

Personally, I love the blog post written by Omar Garriott, Senior Director at Salesforce, on 10 LinkedIn tips for New Students & Grads. In today’s world, 80% of job openings are never advertised. Whether you are in college, a new grad or an experienced healthcare professional, his blog article is PACKED with useful explanations on why LinkedIn is so important in today’s working world. He breaks down the profile creation process, explains why it’s important and includes helpful links to supportive research (like using LinkedIn’s awesome Alumni Tool to find and connect with successful grads from your school). Be SURE to Check out the LinkedIn resource center for college students!

3. Get Financially Fit

Whether you are paying off student loans or saving an emergency nest egg for your goal of working a travel contract with us in the future, there’s an app that can help! Here are 4 smartphone-friendly apps to help you easily set aside your digital spare change for financial goal success:

  • QAPITAL
    • Rounds up change to nearest dollar and moves it into savings.
    • Allows specific goals to be set and named.
    • Learn More
  • DIGIT Best for Simplicity
    • Calculates what you can save, sets it aside.
    • 1% savings bonus every three months.
    • See more here…
  • CHIME – Best alternative bank
    • Sweep spare change into savings, or auto-transfer 10% of your paycheck to savings.
    • Offers checking and savings.
    • See more here…
  • ACORNS
    • Spare change is swept into investment account.
    • Money is invested in portfolio based on income and goals.
    • See more here…

4. Last but not least..

The Dave Ramsey Allocated Spending Plan is another helpful tool you can use to help plan your spending.

An allocated spending plan, which is outlined in his best-selling book The Total Money Makeover, is a type of budget, based on using percentages of your income. The idea is to have a place and purpose for every dollar.

This plan suggests the following allocation percentages:

Food – 15%
Medical – 10%
Housing – 25%
Savings – 10%
Transportation – 10%
Utilities – 5%
Total – 75%

The idea is to cover the necessities first, then fill in the rest depending on your goals. For some “the rest” may be covering debt payments, building their emergency fund or investing in further education development.

Keep in mind, what is essential will change, e.g. a family has different needs such as childcare or education than someone who is single. Click here to start your own budget form!