Hi there! I’m hoping you are all having a great weekend!
I’ve been focusing a lot on my physical fitness lately with improving my half time. Physical fitness is so important to me because it’s healthy and it makes me feel good about myself. But, there is more to life than physical fitness goals (wait, WHAT!?) Yes, this blog is about more than running –> it’s about life! And being financially fit is another super IMPORTANT part of my life! 🙂
I’ve always been very conscientious about my finances and I believe that being financially fit is just as important as being physically fit. Having financial goals is part of the marathon of life! So, I’ve decided to write and participate in Credit Card Insider’s financial fitness series and share some fit financial goals that I’ve made for 2016!
Goal # 1: Budget, budget, budget
I CANNOT begin to tell you how much easier it is to plan out how you spend your money before getting paid! One of the goals that I’ve made for 2016 is to actually write down a budget and review it with my husband. I’m good at keeping the budget in my head, but sharing and actually going through the budget with my husband is super important as well. Plus, there are sooooo many templates to choose from on Pinterest, which makes it way more fun!
Don’t know where to start with budgeting? Checkout these helpful websites:
- If your’re into writing things down like me 🙂 –> Dave Ramsey – How To Budget
- If you like budgeting online –> Mint.com and everydollar
- I also tend to use this website –>The Harmonized House Project
Goal # 2: Pay off student loan debt
If you’ve gone to college you can most likely relate to that feeling of having a student loan (it’s not a very good feeling!). My goal (and my husband’s) is to pay my student loan off as quick as possible! Now, this may not be your thing…and that’s okay! You might rather save for a house or a car.
Remember, everyone has a different financial situation and being financially fit will be different for each individual. It’s so similar to being physically fit! For example, one of my goals for being physically fit may be to complete a marathon, whereas someone else might have a goal to learn how to kickbox and get really good at it.
If your’e interested in learning more about how to pay off your debt quicker I highly recommend checking out Dave Ramsey’s 7 Baby Steps. You don’t have to follow everything he recommends, but he has some really good guidelines for paying off debt.
Goal # 3: Pay myself every month
You may be wondering, how can I pay myself every month? Well, I’m happy to say it’s pretty simple. 🙂 If you study up on budgeting (aka my goal #1) you will probably find that for every paycheck you should put a certain percentage into savings (aka…paying yourself). It may seem hard at first, but once you habit of transferring money into savings painful at all (I promise!).
Phew! Well, those are a few of my goals for staying financially fit in 2016! Of course, there will be new goals every year because that’s how the marathon of personal finance works!
Hopefully you’re finding ways to stay fit with your finances this year!
Question of the Day:
What are some ideas you have for staying financially fit this year?
I am NOT licensed financial advisor. My blog is simply a documentation of my life. The views I express are mine alone, based on my own experiences, and should not be taken as financial advice.