My Financial Goals For 2018

Happy 2018! I cannot believe we’ve already reached 2018. I am super excited to start another year and crush my financial goals.

Not too long go I wrote a post called, “How You Can Crush Your Financial Goals“. I have packed the post with super valuable information and it will show you exactly how you can crush your financial goals.

Today, I’m going to share with you what my financial goals are for the year 2018. I cannot wait to tackle these and let you all know how I went.

1. Pay off my credit card once and for all!

Related post: How I want to pay off my credit card debt

I mentioned in my post that I want to pay off my credit card debt within 18 to 24 months. I now want to pay off all of my credit card debt by the end of 2018.

This means I will really need to get my budget straight in order for me to get this paid off sooner rather than later.

Since writing that post I have scheduled payments of $100 each month to go towards paying off my card.

I have also moved back home, which will allow me to make more repayments.

2. No more Buy Now Pay Later

This is what is draining my bank account and not allowing me to pay off my debt and save money. I have $150 left to go on my Buy Now Pay Later account and once it’s paid, I plan not to use this feature again.

My problem is that if I see something that I like and there is a Buy Now Pay Later option, I am totally sold.

If I want to get serious about paying off my debts and saving money, I have to restrict myself from using this feature.

It is so easy to get into a pattern of thinking, “Oh, it’s $200 but only $50 every fortnight”.

3. Save, Save, Save!

I plan to save as much money as I possibly can during this year. My goal is $5,000 or more. That means if I can save an extra $400+ each month I’ll be on my way to achieving this goal.

4. Stop buying outside food

Yep! I am 100% guilty of doing this. It is so easy to go and buy takeaway food, especially when you don’t feel like cooking. My main problem is that I love to try new foods, especially if it is a new snack in the supermarket.

My work is relocating to a new office this year and there aren’t any supermarkets close by and very minimal coffee shops. This will encourage me to bring my lunch to work, rather than buying this and that for the supermarket.

I am going to learn to live by this quote, “Beware of little expenses; a small leak will sink a great ship” – Benjamin Franklin.

5. Track exactly what I am spending

I find that it is super important to track what you’re spending. If you track where your money goes, it can help eliminate bad debt and save towards any future goals.

Related post: Why you should track what you’re spending

I plan to keep a spreadsheet of everything that I’ve spent throughout the month and determine what I need to stop splashing my cash on and what my cash actually needs to go towards.

If you would like a copy of the spreadsheet, let me know in the comments.

6. Actually, accomplish these goals!

Yep! I hope to come back to you all by the end of 2018 and tell you exactly how I went and how I achieved them.

One thing I like to do is write down a list of my goals and work out how I want to achieve them and when I want to achieve them by.

What are your financial goals for the new year?

Below is the exact goal setting template that I use to set my goals, which you can download for free.