We hope everyone is enjoying their Christmas season and is well on their way to having a debt-free Christmas! On today’s episode of the Monday Money Tip Podcast, Joe and Megan are sharing what you should be doing in order to make 2019 your best financial year yet. Joe will explain the importance of goal setting and which categories you should focus on this upcoming year. You will also hear a success story from a woman who is experiencing her first-ever debt free Christmas in 16 years.
It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!
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About the Episode:
- Joe shares what you can do in order to make 2019 your best year financially.
- Megan and Joe discuss the importance of setting goals in 5 different categories for the new year.
- Hear a success story from a woman who is experiencing her first-ever debt-free Christmas.
Quote of the Day: “You never have to recover from a great start!” – Ken Friar
With each passing day, we are getting closer and closer to a new year. A new year brings new goals and resolutions. As you think about the goals you would like to achieve in 2019, I would encourage you to set financial goals as well.
As you think about the financial goals you want to achieve in 2019, you can use our Yearly Financial Goals template to help you plan. All you need to do in order to use this template is print! After printing, simply write down your financial goals for 2019. Then, you can categorize them using the key at the bottom of the document (Earnings, Giving, Saving, Investing, Debt Elimination). The last column of the template allows you to choose a date by which you want to accomplish your goal.
Make sure you take some time this December to plan out your goals for 2019. Once you know what you want to accomplish, write it down! You are way more likely to complete something if you have it in writing. Hang this template up on your fridge so you can see it and you can also see if you’re making progress towards your financial goals.
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What if I told you that you don’t have to go into debt Christmas shopping this year? That you can buy your gifts IN CASH and can avoid those dreaded credit card bills in January? Can you guess how you accomplish this? That’s right, a budget.
Christmas is a known, upcoming, non-monthly expense. That means that we know that Christmas comes on the same day every, single year and we should plan for it accordingly! In the Sangl household, we do this by saving a little bit for Christmas each month.
First, we decide how much we want to spend on Christmas altogether. Then, we create a list of every person or organization that we’re planning on buying a gift for and decide how much we plan to spend on each person. All that’s left to do is make that budget equal EXACTLY ZERO. Once you have your plan put together, you can do your Christmas shopping guilt-free!
You can download a copy of one of our FREE BUDGET TOOLS HERE.
For more tips on how to have a debt-free Christmas, check out our full episode of the Monday Money Tip Podcast HERE.
For more information on how to create a Christmas Mini-Budget, check out this related blog post.