For example, saying “I want to spend less” should be “I want to save $1,200 this year by spending $100 less per month.”
Measurable: How will you know you’ve reached your goal? Make sure your financial goals have clear benchmarks. For example, instead of saying “I want to make more money,” you might say “I want to get a second job to make more money.” As you craft your goal, include as much detail as possible. Specific: Your goal needs to be as specific as possible in order to ensure you achieve the end results you’re after. Whatever you’ve discovered, it’s important to set your financial goals using the S.M.A.R.T. Perhaps you’ve found that you’re spending too much money on takeout, or maybe it’s time to focus on paying down student loan debt. It’s time to set financial goals for January – and beyond! With financial inventory in hand, you should have a better idea about where you should focus your energy. Are you spending more than you earn? Do you have money left over at the end of the month?īy taking stock of your current financial state, you’ll be well-poised to tackle the next task. Examine your income and compare to your average monthly expenses. It’s time to take a hard look at your financial habits – is your spending out of control? Millennials say they spend an average of $478 a month on “nonessential” purchases like nights out, new clothes, and other “extras.” Do the math and that comes out to a yearly total of $5,736 that could be put toward an emergency fund, vacation budget, or retirement savings.Ī basic financial inventory can be used to get some insight into how much money you have and where you may need to rein in your spending. Now that you have a calendar view of your financial goals, let’s break down each of your January to-do’s. After all, writing down your resolutions makes you 42% more likely to achieve them.ĭownload and print out your monthly calendar to stay on track, and check back in with us each month to get your next financial to-do list. To make it easier to stick to your financial goals, we’ve provided a calendar printout that you can use to track your progress and keep yourself accountable month in and month out. In January, we’re focusing on planning and budgeting – a fresh start to the year means a fresh financial perspective. 
Each month, we’ll dive into a different financial theme, giving you a quick to-do list of financial tasks to help you reach your goals this year. We’ve designed a 12-month financial calendar to help those looking to take back the reins on their finances. Want to start 2020 off on the right financial foot? The holidays are behind us, and it’s time to step into a New Year.
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