three methods to reclaim your cash targets in 2021

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Have you ever started the weekend with exciting plans, only to come screeching to a standstill?

I have! This is what happens when you have three young children. The same goes for our monetary goals: sometimes they get derailed.

But just because our original plans are thwarted doesn’t mean we can’t achieve our goals. We just have to adapt and start over.

The middle of the year is sometimes referred to as the Second New Year and is the best time to evaluate your progress towards your goals as you have time to adjust and turn them into reality.

If you make them a priority now, you can still achieve your goals by the end of the year. Here’s how:

Be honest about your current (or lack of) progress

If you’ve budgeted and tracked your expenses, you may be halfway to your goals. This is fantastic!

Unfortunately, not all are making headway in their goals.

Perhaps a parent got sick after declaring war on your student loans. Or maybe your job is still uncertain after 2020. When life happens the best you can do is be honest about your situation.

Start by looking at your past expenses. Remember, don’t be ashamed of what could have been.

Take a look at where you are with your money today and decide where you want to be by December. Adjust your goals and be honest with yourself.

At this point, you may not have made the progress you were hoping for. But you still have the power to say, “I will start working on my future today.”

Live on a budget

A successful monetary plan must start with a budget. I know, I know – nobody likes the B word. But be encouraged, a budget doesn’t limit your freedom, it gives you freedom.

If Taco Tuesday is on your budget and you are still on track to achieve your goal, this is wonderful! That means freedom to enjoy chips and guac instead of worrying about dinner with friends taking a toll on your bank account.

It’s okay if you’ve fallen off the horse with budgeting. Just open up a free budgeting app like EveryDollar and give each dollar a name. Make sure your income minus all expenses is zero. When you have more left, toss it at your target!

Get support

When you’re married, you are each other’s first accountable, so sit down and dream about the rest of the year together on a budget date night.

Make it fun Grab some of your favorite snacks and create a good playlist to help you dive into or back off into budgeting and adjusting your financial goals.

If you’re single, find a friend you trust who will help you achieve your goals. This should go without saying, but a good accountability partner won’t send you endless Amazon links!

The hard truth is, to get what you set out to do, like paying off your car or finally saving up for your kids’ college, you have to make sacrifices.

This could be a change your friends won’t understand. This is why it is so important that you connect with people who support your financial goals.

As soon as you are focused and conscious of your money, you will see progress and your goals for 2021 will become successes for 2021!