Posts

How to set financial goals. Best practices for setting financial goals.
Learn how to set financial goals like a pro!

Listen on Apple Podcasts | Listen on Google Play Music | Listen on Spotify | Listen on Stitcher

Goals are important because they allow you to create your future today. Although a lot of people set financial goals every year, most people don’t actually end up sticking with them because they get distracted along the way. So how do you set financial goals that you will achieve? In this episode, I share easy ways to set yourself up for financial success by setting financial goals that are a good fit for your life right now.

This episode is sponsored by my brand new course, Back to Budgeting Basics. In this course we debunk the myths that budgeting is “hard” and I help you create a personalized goal-centric budget that aligns with your priorities and values.

Things to Consider When Setting Financial Goals

1. Assess your current situation.

When you’re setting financial goals, what you’re really doing is assessing where you are right now and determining where you want to be in the future.

To do this, ask yourself:

  • Where am I right now?
  • What do I want to accomplish?

Helpful Tip: Money serves different purposes. You can spend money, save, pay off debt, invest or give money to charity.

Typically financial goals will fall into one of these major categories.

2. Is your goal too hard?

You are less likely to achieve goals that are too difficult.

Truth is, the best goals are realistic but not too over the top.

3. Check yourself.

Are these goals for you or are they based on what others want for you?

Set financial goals based on what you want for yourself not what you think others want for you.

4. Create an emotional connection.

Can you visualize yourself achieving your goal?

What sort of emotions will you feel when you accomplish your goal?

Will you feel excited? Calm? Relaxed?

Remember, it’s easier to achieve goals that you are emotionally connected to.

5. Bridge the gap.

To bridge the gap, break down your goals into smaller more manageable tasks or mini bite-sized goals. You can do this by setting monthly, weekly or daily goals.

6. Celebrate milestones.

Lastly, be sure to celebrate any big milestones or money wins. This will give you the motivation to keep going.

Tips for setting financial goals. How to set financial goals for the new year.
Pin this for later!

Did you find this episode informative?

Take a screenshot of you listening to the show and tag me @thethoughtcard on Twitter, Facebook or Instagram so I can personally say thank you!

Be sure to check out Episode 17 where I share my biggest lessons learned in 2018.

And catch the next episode where we chat with Frantzces from Chronicles Abroad about living, working and traveling abroad.

2018 Year in Review The Thought Card by Danielle Desir
Reflecting on how far I’ve come in a year.

Listen on Apple Podcasts | Listen on Google Play Music | Listen on Spotify | Listen on Stitcher

Happy New Year! I can’t believe that we are already a week into the new year.

I experienced a lot this year. Many great things happened and I learned a lot of important lessons along the way.

Throughout 2018 I was bold.

I got a promotion (which I negotiated), I started this podcast (with no experience), spoke at a podcasting conference and I even found love.

In this episode I share what worked in 2018, what didn’t work and the most important lessons I learned. I also share my top goals for 2019 and why “committed” is my word for the new year.

Year End Review Resources Mentioned

Back to Budgeting Basics Course

What Worked in 2018

  1. Got a promotion at work. I’m now a Grants Manager.
  2. Launched The Thought Card podcast with over 500 downloads in the first month.
  3. Created WOC Podcasters (Women of Color) an inclusive podcasting community for learning, networking and sharing resources.
  4. Presented at Podcast Movement in Philadelphia, the world’s largest podcasting conference.
  5. Became an editorial board member of Podcast Business Journal.
  6. Participated in my first panel discussion in New York City with A.I.M. Unlimited.
  7. Went on lots of short trips in 2018 including trips to Ireland, Chicago, Oslo, Iceland, Puerto Rico, the Finger Lakes (New York), Orlando and Toronto.
  8. Attended FinCon and TBEX North America – Listen to Episode 8 where Yasmine and I share tips for attending FinCon for the first time.
  9. Got featured on lots of podcasts including Chronicles Abroad, Comfortably Excluded, WTF?! IDK Podcast and Travel Fuels Life.
  10. As a freelance writer, I also contributed 5 articles to Go Banking Rates, a leading personal finance banking website.
Tips for paying off credit card debt and student loans faster.

What Didn’t Work in 2018

  1. Overworked myself and got really sick.
  2. House hacking and having roommates was challenging – don’t worry, they moved out!
  3. I didn’t finish working on my book. 
  4. Planned too many trips, too far in advance and had to cancel.

Lessons Learned in 2018

  1. Health is wealth. 
  2. Budgeting is still very important

What are your goals for 2019?


Leave me voicemail or join the conversation over at Financially Savvy Travelers and share your top travel or money goals for the new year! Happy New Year!