Financial Fitness Tips: Bonus

Bonus Tip: Set Goals and Make A Plan!

No athlete has achieved greatness without a goal and a plan to achieve it. The same applies to your efforts to get fit and maintain a healthy financial lifestyle. Create a vision for your financial well being.

If you are looking towards homeownership, estimate what you will need for success. Plan out all the expenses associated with being a homeowner and live by the budget appropriate for paying those bills. Create an account solely for the purchase of your home. Put either the money you are saving or designate a portion of your paycheck in the account every month for those estimated budgeted items. You will have a better sense for what it takes to be ready to buy, and you will be saving money along the way.

Continue to add to your emergency fund as well, you never know when an unknown expense may arise.

Every fitness plan needs an occasional boost. Be sure to check back in with your plan and make adjustments as needed. Celebrate the goals you’ve achieved and continue to set new ones to keep your financial well-being a healthy priority in your life!

Takeaway: Live by the budget.