How to Achieve Your 2021 Financial Goals

How to Achieve Your 2021 Financial Goals

2020 has been a year of unexpected challenges for everyone to overcome. This past year has been full of financial struggles for many. If you have a goal set aside for 2021 to improve your finances, here are some quick and easy tips to help achieve that goal.

Clear and Concise Goal 

The first way in improving your finances is to set a clear and concise goal. This goal should be straightforward and not broad. An important step in this process is to understand the exact goal you plan on achieving and make sure it is clear.

You do not want a goal that is too broad because then you may be setting yourself up for failure. I know, already talking about failing from the start but to ensure you do not fail, come up with a goal that doesn’t mean multiple things.

12 Month Goal 

The second way is to make sure you can achieve this goal within the 12 months of 2021. This goal is for you to achieve in 2021, not 2022 or five years from now.

This goal should not be too short but also not too long. You do not want a goal that can be finished in four months because then it is too easy. You also do not want something that could take a few years because that will also set you up for failure.

Where Your Money Goes

The third way is to know where your money goes. This is easily traceable by checking your bank statements and figuring out what places and items is your money going to the most. Once you find that out, you can be more aware of how much money you are spending at that specific place or on that item.

Spend Less Than What You Have

The fourth way is to spend less than what you have. If you are spending less than what you make in a given week or month, you are saving.

It is impossible to actually save if you are spending more money than what you actually make. That will put you further into debt than you may even realize. If you tend to spend more, try and cut back each week to start saving more.

Improve Your Credit Score

If you are planning on taking out a loan during 2021, ensure that your credit score is high enough. A higher credit score means a lower interest rate on a loan. This will save you money in the long run.

A good credit score is achievable by paying your bills on time every month, limit credit applications, ask for a higher credit limit, and more.

Monitor and Reevaluate Progress

A great way to make sure that you are on track with your financial goal is to monitor your progress and if things are not going the way they should be, reevaluate and start again.

You should monitor your progress at a few different points along the way. If you do not monitor, you may go too far-off track and want to quit. If you happen to go off track, figure out what happened and keep going on. Once you know what happened and how it happened, you can fix it, so it doesn’t happen again.

Start Immediately

There is no better day than the present. Once we ring in 2021, set your financial goals and run with it. You don’t know how far you can go unless you push yourself.

Sources:

https://www.sj-r.com/story/business/2020/12/30/choosing-financial-new-years-resolution/4071140001/

https://www.smartaboutmoney.org/Tools/10-Basic-Steps

How to Increase Credit Score

 

Quick and Easy Ways to Prepare Your Home for the Winter

How to prepare your home for the winter

The wintertime can be a stressful time for many. The holidays are encroaching, and the weather is getting colder by the second. What presents to buy your loved ones and how to decorate your home are already on your mind but taking care of your home when the weather is getting colder should be high on your priority list.

Whether it be the inside or outside of your home, here are some important tips and tricks to check on before it gets too late.

Inside

Make sure you check on your home’s heating and air conditioning system. You can simply change the filters or have an HVAC technician inspect it. You do not want an unbelievably cold day to come and find out your heating system is not working properly.

If you happen to have a fireplace in your home, clean out the chimney which can easily be done by hiring a chimney sweep company. If you are not stocked up on wood, this is also a good time to do so, so you can have those cozy fires to cuddle up with.

Another good tip for inside your home is to check the smoke detectors. House fires are typically very common during the winter so make sure they are working properly and have new batteries.

Outside 

If you happen to have outside furniture and do not want them to potentially get ruined, consider purchasing covers. Covers are a good way to ensure that your furniture will stay in the right condition even while it is a blizzard outside.

Do you have any snow shovels or a snowblower? Now is a good time to make sure you have the correct equipment for snow removal. It is getting to be that time to break out the shovels and snow gear just in case a big snowstorm happens. You do not want to get stuck with lousy shovels that will not do the trick.

If you haven’t done so already, clean out your gutters from the fallen leaves of Autumn. Many problems can arise if gutters are not cleaned properly and are clogged. This is also a good time to check your drainage to ensure soil has not settled. If it has, pour some soil on top and you are good as new.

Winter can be a stressful time combined with the holiday season and the weather but to ensure you and your home are safe, make sure you follow these easy steps. There are more steps you could take but these can simply just get you started.

 

Remote Work: How the Coronavirus is Changing The Way of Living

remoteworkgraphic

 

With the pandemic still on the rise, remote work has been the way of living for many people in the world. Kitchen tables and bedrooms have turned to offices. Walls and windows with wonderful views have turned into zoom backgrounds. 

Who would have thought that working from home constantly would change the way we feel about it. Working from home used to be a luxury so you could get out of the office every once in a while but now people are begging to be back in the office. 

Not only has remote work and the pandemic changed the way of business life for many but it has also changed where people want to live. As an article published by Realtor.com pointed out,  certain demographics may pull away from living in the cities such as families with children but the younger generations with ambitions will pop up and start to push towards living in cities. 

The suburban style of living will benefit from this as well when families are looking to live the simplistic life with more amenities for working from home. This pandemic will push people away but draw others in.

Remote work will allow people to choose locations to live that otherwise would not make sense or be possible due to the demand of their job. If someone wanted to move to a different location or even climate but couldn’t because of their job, there is a good chance now if their job is remote, they are able to move to their desired location.

According to the National Association of Realtors, homebuyers are looking for different criteria than they would have before. Office space is often a request in the form of an additional bedroom, basement, or extra room. 

With the booming of remote work, workers could potentially have less stress about whether they may have to move or not due to their job relocating. This may cause people to set down more roots in the location they are currently living in or move somewhere, by their own choice, that they have always dreamed.

If your job has moved to remote work or you are looking for remote work, think about where you may want to set down roots and then find a great real estate agent to help you.

Sources:

https://www.realtor.com/news/trends/will-coronavirus-be-the-death-of-cities-not-so-fast/

3 Ways Remote Work is Changing the Way We Buy Homes