7 financial goals for success in 2023
Setting financial goals for the new year is the first step towards financial success in the coming year.
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Financial goals are actions stipulated in a plan aimed at achieving a greater objective, for example, having a year 2023 free of debt and with a lighter financial life.
They are indispensable steps towards achieving our financial goals with clarity.
That's why in today's text you'll find some financial targets to be successful in the year 2023 and you'll also discover how to achieve each of them.
Don't miss out!
How to make financial goals for the new year?
The first step is to define what your goals will be. It's important to remember that they can be directly or indirectly linked to an objective.
In this text, for example, you'll find goals that will help you succeed in 2023, i.e. that will make you a financial triumph.
These aren't goals that will make you rich in just one year, but they will help you to develop healthy financial habits and take proper care of your money.
This way, you'll have a more peaceful year, away from debt and lighter financially. Who wouldn't want to have one, two, three, four, five or more years like that?
So let's go!
First of all, your goals need to be clear and real. No more planning things that are unrealistic and almost impossible to achieve.
For example, you've decided that you need to save R$500.00 a month, but you're mired in debt, earn little and have expenses that exceed 80% of your salary.
What are the chances of you achieving this goal?
So don't go too thirsty to avoid swimming, swimming and dying on the beach.
To solve our example, first you need to pay off your debts, then you need to set yourself an amount to save that is in line with your reality and that you can meet every month.
Another interesting solution is to earn extra income. The money will help you reach this goal more easily.
Another indispensable factor when creating goals is having the discipline to meet each one.
Goals serve as a mirror for achieving objectives. It is very important to analyze and see what is working and what is not, and thus redefine goals or stipulate actions to make them work.
Now, check out some examples of financial goals for the new year and how to achieve them more easily.
1. Spend less
December is one of the months when we spend a lot: Christmas presents, clothes, Secret Santa, get-togethers, travel, food and guests, for example.
According to data from IBM's IBV report, Brazilians will spend more on shopping and travel at the end of this year, 21% more than last year.
But in order to spend less, it's best to avoid shopping in the frenzy of this season's commerce. In the midst of the excitement and Christmas spirit, we end up losing our way and buying more than we should.
January's credit card bill, who can say?
Ideally, you should shop in advance and bargain to find the best prices.
During the year, be disciplined and learn how to use your money, so that you think carefully before you spend.
If you're one of those Brazilians who spend more than you earn, it's best to do some monthly financial planning.
This tool will help you write down and control your spending, so you can stop spending more than you earn.
2. Pay off all debts
If you have a lot of debt, the ideal is to negotiate and pay in installments that fit your budget.
An indebted or over-indebted person will find it very difficult to save, spend less, invest or even organize their finances.
You'll always be getting into debt to pay off debts.
So try to negotiate your debts and pay them off little by little, but don't stop paying.
3. Start investing
Now that you've learned how to spend less and have money left over to pay off all your debts, it's time to start investing.
By being an investor, you can have more security for the future, increase your assets, achieve your financial goals and perhaps have a more peaceful retirement.
Investments should be chosen according to your objectives, which can be short, medium or long term.
For short-term objectives, the ideal is to invest in fixed income. CDBs are recommended for medium-term objectives.
The recommendation for long-term objectives, such as retirement, is the IPCA Direct Treasury.
Here on our blog you'll find lots of tips to help you invest right from the start. Be sure to check it out!
4. Buy more in cash than in installments
Buying an item and then paying for it in installments is great, isn't it?
However, it's not healthy for your finances, mainly because there's added interest and you're stuck for a long time.
One of financial goals for the new year is to avoid installment purchases and invest more in cash purchases.
Learn to save up to buy an item upfront, rather than buying on credit and paying interest or being tied into a debt for a long time.
Before you buy anything, plan ahead. Consider the value, the time you need to buy it and how much you need to save each month to buy it.
If you need to buy something urgently, search for the best deals and pay in a few installments.
5. Save more
Spending less will help you save, but there are other actions that can make you save more, for example:
- Cancel subscriptions to services you don't use;
- Use discount coupons;
- Use cashback coupons;
- Make smart changes;
- Use intermediate brands;
- Always choose products with the best value for money.
There are many actions that can help you save money on a daily basis. With financial planning you find out where your money is going and where to save, replace or even cut back.
6. Learning to say no
No, you don't deserve to spend your paycheck on snacks and not have the money for a fixed grocery bill that lasts the whole month, including healthier foods.
No, you don't deserve to spend money on yet another "brusinha" and have to borrow money to pay your credit card bill or pay in installments.
Besides, you don't deserve to subscribe to the most expensive streaming service just because it's popular, when you use it little or not at all.
Learning to say NO to superfluous spending in our daily lives can save us money or get us out of unnecessary debt.
Every time you think about buying something unnecessary, take the exact value of the product or service and invest it.
7. Have an extra income
If you earn little, it will be harder for you to finish the month with all your bills paid, invest and always buy with cash.
One solution to this problem is to earn extra income. Nowadays there are many services that can generate extra money, and in some cases you can do everything without leaving your home, i.e. online.
You can work as a reseller, taking items from companies and reselling them to your family, neighborhood and friends.
Among the best products to resell are cosmetics, jewelry, lingerie, makeup, natural products and sex shop products.
Food is also a great way to earn extra income. You can sell sweets, snacks, lunchboxes, broths, etc.
Finally, I couldn't fail to mention digital professions. Nowadays you can find many jobs that can be done from home.
There are plenty of alternatives, such as:
- Being an infoproducer;
- Teaching online;
- Open a monetized YouTube channel;
- Working as an affiliate;
- Being a copywriter;
- Social Media;
- Image editor;
- Making art for social networks;
- Sell your photos;
- Tik Tok;
- Digital account referral program;
- Kwai.
Choose an area that you identify with, study it, publicize your work and offer your services.
Be happy with your choices
Sacrifices are important in our lives, especially if you live in an environment with unfavorable conditions.
However, it's also important to be happy with your choices, to have balance and not let your financial goals for the new year impair their quality of life or even their mental health.
When you realize this is happening, stop, think and rethink what you can change to improve the situation.
However, don't give up on having better financial habits and a better standard of living too.
Nobody is happy mired in debt, trying to heal traumas with uncontrolled consumption and without any purpose for the future, for example.
So take care of yourself and your finances too to have a successful and peaceful new year!
Conclusion
So, did you like our suggestions for financial goals for the new year?
Don't forget to include them in your list of New Year's resolutions and put them into practice starting today to get into the mood for the new year.
Happy New Year! See you next year with lots of tips to help you organize your finances and have a lighter financial life in 2023.
