Tips on How to Achieve Financial Wins.
Finances can be tough. However, when you buckle down and focus on your finances, you can achieve many financial wins in your life. With a lot of planning, a bit of sacrifice and loads of hard work; we were able to achieve some of our biggest financial and personal goals. Here are some tips on how to achieve those financial wins!
To help celebrate and raise awareness for financial literacy and Financial Literacy Month this year, Capital One Canada and Credit Canada Debt Solutions explored the topic of Financial Wins among Canadians. Have you ever wondered how money savvy you are? You can find out just how money smart you are by taking this Money Smarts Quiz!
Even though Financial Literacy Month is wrapping up, we can still keep many of these ideas in-mind as we head into the holiday spending season. If you’d like even more tips to help you achieve financial wins in your life, you’re in luck.
#1. Write down your financial goals.
It can be hard to track financial goals, if you do not write them down. Keep a financial journal and don’t be shy about writing down those financial goals. You can keep the goals simple or make them big, whatever works for you.
#2. Take control of your financial situation.
Easier said than done, right? However, if you stop letting your money control you and you start controlling it, financial wins will happen. One way you can have an easy financial win is to budget! Budgeting helps you to determine where your money goes. Did you know that 22 per cent of Canadians failed to have a financial win because they had a lack of budgeting and 4 per cent had no financial plan?
#3. Stay focused on the financial road ahead.
It’s so easy to get sidetracked in today’s financial world. There is always something to buy or something you need. If you get off track, simply get back on the financial road ahead. It might take a few detours, but you can always get back to where you’re going.
#4. Make sure you stay organized.
A big part of achieving financial wins is to make sure you stay organized. Know when the due dates for your bills are! Keep notes of those bills in your phone or calendar. It’s amazing how easy it is to mess up with finances, which is why staying organized is super important to me.
#5. Stay on the same page as your spouse.
Sharing money with another person is hard. However, you can achieve financial wins in your life by simply communicating. Let your spouse know what is going on with the bills and vice versa. Did you know that one of the biggest motivating factors driving 26 per cent of Canadians to achieve their Financial Win was a sense of accomplishment? I love feeling motivated and accomplished with my spouse when it comes to finances.
Let’s Talk About It!
Avoiding the money talk doesn’t need to happen anymore. Canadians don’t need to avoid the subject of money anymore. Financial success is something that should be celebrated. For FLM 2016, Capital One Canada and Credit Canada Debt Solutions are focusing on the financial wins across Canada.
Financial Wins happen when you make a conscious decision to take control of your money. Whether you’re trying to save money or even starting your first budget.
For us, as a couple and a unit, we’ve always had large aspirations in life. Even when we were very far from our goals, we did what we had to do to achieve them. A few of our proudest financial wins are buying our forever home that is perfect for us and has room for growth and getting married without borrowing or owing anyone a single penny. Our next financial goal we are working towards making a win is becoming completely debt free!
What are some financial wins you have had recently?
Let me know, til then–cheers m’deres!
This post was sponsored by Capital One Canada, but all opinions are my own.
Nancy Polanco is a freelance journalist, lifestyle content creator, and editor of Whispered Inspirations. She is a proud Mom to Gabby and Michaela, and wife to Darasak. Having worked as part of a health care team for almost a decade, Nancy is happy to be back to her passion. She is a contributor to the Huffington Post, TODAY’s Parents, and an Oprah Magazine Brand Ambassador.