How To Focus On Your Savings Goals And Financial Targets
Keep trying to save and reduce expenses and don’t give up

Image for post
Image for post

Photo credit: Darrin Atkins

Saving money can be a hard, challenging task. Given the rising costs of nearly everything, it takes both partners in a relationship to be on the same page when it comes to money and spending.

But how do you keep your relationships good when your financial issues go bad? That’s a question that a lot of people can’t answer or don’t answer.

But there are steps you can take every day to keep your financial house in order. Keep your eyes on the prize as you keep track of income and expenses.

Step #1: Set savings goals
One very important step is to think of a savings goal for you and your family. Maybe you can write down a certain amount you would like to have in a savings account by a certain date. Then mark off your progress every week as you get closer to the date of the goal.

Step #2: Reduce expenses
Saving money isn’t only about adding to your savings account. It is also about reducing your regular expenses.

How much are you spending at restaurants every week? Some fast food restaurants are getting too expensive for even frugal customers. A family of four can be an expensive proposition at restaurants.

Image for post
Image for post

Photo credit: Darrin Atkins

Step #3: Use a calculator
The calculator in your home should be used very often. You need it to add up your income and expenses.

One way to find out where the money is going is to use a calculator or a spreadsheet. Someone needs to keep track of expenses or you will not know where the money went.

Step #4: Be on the same team

Can you imagine two baseball players on a team using different signs or signals? It’s not going to work and failure can happen. Work together in your financial goals and agree on where the money will go.

Now make sure you don’t go overboard with your finances to the point where all fun is lost. Dedicate some money for entertainment.

Keep reaching for your financial objectives and make sure you have cash savings. You can do it if you try.

Written by

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store