How to Financially Plan for 2019
It’s that time of the year where we get to think about what we want for the new year. It can be overwhelming to think about but here is a fun way to set goals, visualize what we want 2019 to look, feel, smell, taste, and sound like, and then how small steps can get us there!
1.) Make a date with yourself - find a time on your calendar right now that you can spend an hour alone without distractions this week.
2.) Grab your favorite holiday beverage or dessert - peppermint mocha, eggnog, donuts (Bailey’s has a pumpkin spice liquor so I’m going to experiment and make that into a cocktail!)
3.) Get some blank pieces of paper or a notebook
4.) Goal setting - without goals, we don’t really know what we want to achieve so here are questions to help you set your goals for 2019:
What are the top 3 things I want to accomplish in 2019? Make these SMART goals specific & significant, measurable & motivational, attainable, relevant, and time-bound.
When I accomplish those 3 goals, what will it do for me?
How do I want to feel?
What will I do to reward myself?
I will share these goals with ___ (insert specific people and the way you will share it with them), or on social media (insert the specific day, post, method, etc.), or saying it aloud to myself everyday for the next week. *I do urge you to share it with at least one person because accountability is key and it can be that push to really help you achieve them! Hey, share them with me and I’d be happy to hold you accountable!
5.) Visualization - it’s important to visualize what we want that month or year to look and feel like, here are some questions to sit and reflect on. Really paint the picture of what you want, down to the emotions and smells.
What do I want 2019 to look like? Think day to day activities, experiences you want to have within that month (or year), people you want to be around.
What do I want to consume my time and energy doing regularly?
What is my ideal income, savings, debt level so I can live the life I want?
What amount of money in my bank account will help me sleep at night?
How does getting to this make you feel? What does it taste and smell like? How does it sound?
*Write it down, maybe create a visual board with images that really capture this. Look at it and think about it every day.
6.) Once you’ve set your goals and really gotten a taste of what it’s going to look like and how it’d feel like, it’s time to write down a the actions steps to help you get there. It should be small, baby steps vs. drastic, dramatic steps.
For each goal, write out the very first few steps you will need to take.
For example, if your goal is to save $1,000 this month so you can take a vacation to Mexico in March…
First step, open up a savings account.
Second step, what am I currently spending my money on that is wasteful and where can I shift money into savings (and visualize yourself drinking a daiquiri on the beach instead).
Third step, when you go to Target, make a list of what you need and only go when you are short on time so you will just run in and grab the essentials so you don’t even get temped or have the time to spend on unnecessary stuff.
Fourth step, automatically deposit $100 from each paycheck into this savings account.
And so on!
Have fun with this! Making this time for yourself can really help you prioritize and make the most out of your hard earned money! You’ve worked so hard for it this year that it’s important you reap the benefits you actually want.
I would love to hear from you on how this worked for you or if you have questions! Send me an email at firstname.lastname@example.org