Take Care of Your Financial Goals Now

Spring is the perfect time to start tackling some of your financial goals for the year. And if you don’t have any financial goals set out for yourself thus far, it’s the perfect time to start.

It’s funny, really. This year my partner and I said we should begin budgeting in 2019. It seemed like a great enough goal for both of us to nail down financial stability and good practices. And here we are, three months through 2019 without having done any budgeting.

So the other day, she looked at me and said “Can we start our budgeting since it’s the beginning of April? We really need to.” And I was all for it.

So here we are, just beginning. Even though we’re late, at least we’re still sticking to the original plan. Better late than never, right?

Budgeting is probably the best place to begin when it comes to getting your financial life in order. I mean, it’s the basis of everything regarding finances simply because it means if you can budget, you can stick to the basics, and then you can start handling bigger items.

After a few months of this, I’m gonna suggest tackling insurance that we don’t have. The two biggest ones I know we both need are life insurance and disability insurance.

It’s probably pretty smart for both of us to grab life insurance policies while we’re still young, single, healthy, and without kids. That’ll help with landing a cheaper policy here and now.

But when it comes to disability insurance, we’re a bit more uncertain on where to begin. It’s not at the forefront of our minds when it comes to financial planning, but we both know the benefits and how helpful it could be down the road.

So, I advise you to begin checking of your own list of goals or at the very least drafting such a list for you and your family. Spring means growth, renewal, and new life. Well, do those things for your finances and you’ll see your family grow and have new life breathed into it. While it’s not the most fun at first, you begin seeing why it’s important to budget down the road, especially because you’ll have control over where all your money goes and you’ll be conscious of the overspending you do when eating out or tossing cash at entertainment.

Just like all things great in life, it takes a bit of work at first (and discipline). Stick to it, though, and you’ll begin to see why it’s worth it in the end.