If you have not already started it is time for a New Year New Plan. For many of us, we set New Year’s resolutions to stay on financial track. One of the things that we may have forgotten when setting this goal is actually how to accomplish it. It is not enough for us just to say we want to save towards certain goals or reduce spending, we need an actual plan in which to accomplish these items.
There are many financial software programs that allow you to develop and edit budgets along with tracking spending. Researching these items and determining the right fit for you can be daunting. No need to spend hours researching the right fit for you. I suggest reading the following blog post September Savings to review my favorite money tracking software and the links to purchase it. This will be incredible time savings and will allow you to devote that time to creating your financial tracking and budget. There are many easy video tutorials to use that will show you how to input your budget, and the bank direct connect software will allow for the automatic download of financial transactions.
Start something new today and finalize your New Year New Plan. Set goals and budget for yourself to increase your savings rate by 1% a month. Better yet, reduce your spending on dining out by an overall 10%. Having targeted goals will assist you in accomplishing your financial goals. If you are still not sure what your goals should be I suggest reading New Year’s Financial Resolutions. I wish you the best for a prosperous New Year in 2020!
