How did 2018 go for you with regards to your finances? Anything you wish you had done better? Anything you are particularly proud of? What are your 2019 Financial Goals and how are you going to meet and smash them?
Whilst it’s important to learn from our mistakes, don’t dwell on them. look at the positives and think about what you want to achieve during this upcoming year. Do you want to have made a certain amount of money? Do you want to clear or reduce your debt? Are you saving for something specific like a dream holiday, a wedding or a home deposit? Whatever your reasons – they are important to you and don’t let anyone else belittle them.
My 2019 financial goals
My goals are quite extreme – and I don’t know if I will be able to do them all but they are as follows:
- Build up my savings – I have some, but I would like to end up with more so that when those unforeseen problems arise I am able to deal with them without panicking!
- Clear off my car finance – when I got my car, I needed to get it on finance as I didn’t have the money to buy it outright. I would love to overpay on the payments and even clear it early.
- Pay off a chunk towards my mortgage – even a few thousand pounds will mean long term I’m paying less!
So how am I going to smash them?
Well, I am going to revisit all the tasks as part of the Christmas Cash Challenge. Maybe you didn’t have time to do them all when you got the email or saw the post. Maybe you didn’t have things to sell at the time but you do now (in which case check out my post about selling your unwanted Christmas presents). Perhaps there might be ideas which may not have been relevant or suitable at the time, but now they are. Whatever the reasons that you didn’t take part of missed any of the weeks, now is a great time to revisit all the ideas and see what you can implement going in to the new year.
Don’t forget to visit other pages and sections of ibeatdebt.com – there are loads of money making and saving ideas – so there is bound to be something suitable for you. There’s also going to be some great content coming up in 2019 that I’ve been working really hard on as over the festive period I have found out about loads of new money making and saving methods, but I don’t want to share them with you until I have tried and tested them myself. Once I have checked them out, I will be sharing them with you on ibeatdebt.com as well as on my social media channels.
Something else that I am hoping is going to really help both you and me is the Mastering Money Facebook Group. It is a space to talk about anything and everything money. It’s a safe space with no judgement, but with plenty of accountability and friendship – I’d love to see you over there!
As part of Mastering Money, everyday throughout the year I will be sharing a money making, saving or general finance hint or tip across social media. Make sure you are following me on your favourite social media channels to make sure you don’t miss out!
I am going to try and put all my extra income into savings – but there are some other great ways of building up your savings if you don’t have time to try some side hustles right now.
The first is a penny savings challenge. On day one you put 1p into a tin. Day two, 2p, day three, 3p etc. By the end of the year, you are putting £3.65 into a tin. Whilst this doesn’t sound like a lot – in total, over the course of the year, you will have saved almost £700 (£667.95).
If you fancy doing this alongside me, I have created a printable sheet for you to download and use. Each day you can see how much you need to put in, and what your running total is to motivate yourself. If you think you can save more than that, how about trying my Pound a week saving challenge – week 1 you put £1, week 2 £2 etc. At the end of the year you would have £1,378!! If that seems steep (in December you would need to be able to save over £200) you could put in a set amount each day or week – for example £1 a day or £10 a week – just do whatever works for you!
Free Savings Challenge Downloads
Here are the free downloads to help you with your 2019 Savings Challenges.
Getting your future self involved!
I love any way which helps keep me accountable for anything. I’ve recently discovered a new free site which allows you to write an email to yourself, to be delivered at any time in the future. I have written an email to be delivered to me on New Year’s Eve of 2019, with a summary of what I want my goals to be for the year, and to remind myself that no matter how many of them I have achieved, I have come so far. You can use this to email yourself every few months to keep yourself in check, or you can send yourself an email at the end of the year to remind yourself of where you wanted to be. The site is called FutureMe and the link is not a referral or an affiliate – it’s just a site that I think could genuinely help and make a difference!