Clark County Credit Union (Las Vegas, NV)

Setting Your 2018 Financial Goals

Have you set your 2018 financial goals? To properly manage your money, it is good to have a plan in place. By starting your planning early, you also have a chance to open any accounts necessary to achieve your goals, such as secondary savings accounts or investment accounts.

Important Factors to Remember When Setting Your 2018 Financial Goals

Be Realistic

As you set your goals, remember to be realistic. While you may be able to adhere to an ultra-restrictive plan for a short period of time, it is likely you will eventually abandon an overzealous goal. Instead, establish goals that permit you to have fun while securing a solid financial future.

Set Your Top Goals

Before making your 2018 financial goals, take time to define your ultimate financial and life goals. Do you want to pay off all of your consumer debt? Are you planning to purchase a second home? Once you list your goals, decide which ones are most important to you. Break large, lofty goals into smaller, more realistic ones.

Make (and Stick to) a Budget

After identifying your 2018 financial goals, it is time to make a budget that helps you achieve these goals. Start by listing out all of your income sources. Then, list all of your expenditures.

For the most accurate budget, be as thorough as possible. Don't forget common irregular expenses, such as:

  • Annual insurance premiums
  • Expenses for extracurricular activities and sports
  • Clothing
  • Gifts
  • Pet expenses
  • Car repairs
  • Vacations

Once you have your budget, you need to track your expenses to make sure you are sticking to your spending plan. You can do this by utilizing a budgeting app, or you can do it the old-fashioned way and use a spreadsheet or even a pen and paper. Adjust your spending as needed to make sure you stay within your budget. You may also have to rethink your listed amounts if your initial goals were not realistic, or add new categories if you overlooked certain expenses.

Are you ready to set your 2018 financial goals in motion? Contact Clark Country Credit Union today at 702-228-2228 to access all the financial tools you'll need this year.

 

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