Financial goals can often be daunting. Maybe you’re saving for a new car or a down payment on a house. Or saving to pay off credit card debt. Saving, saving, saving! These are all goals that most consumers will strive for, and they are all significant expenses. So how do you even begin to work towards achieving any of your big financial goals? Small changes in your everyday finances are what it takes to make a big impact!
Small Changes That Can Make a Big Impact
Any worthwhile goal is going to take commitment on your part. However, there is no commitment you can make that will instantly give you the ability to eliminate personal credit card debt. That’s why you need smart small changes. You can start with any or several of these habits to make it part of your routine.
- Minimize takeout food: Limit yourself to one lunch and one dinner out each week. If you can do it, eliminate takeout altogether.
- Avoid an expensive habit: Habits like gambling and excessive shopping is likely to hurt your future goals. It can be difficult to give up on something you love so much! However, if you can drop these habits, then you’ll see consumer debt reduce.
- Try DIY: Learn to fix and maintain things around your home. This is a great way to save some money as well. The internet is a great resource for DIY tips! ACCC has two great DIY Pinterest boards that can help you get acquainted with all things DIY.
- Switch brands: Have you gotten used to expensive brands of clothes, and even groceries? Try the less expensive options to save some money. Generic brands work just as well.
- Automatic savings: Set up a direct deposit so that a portion of your paycheck goes directly into a savings account for your goal.
These are just a few positive habits to help you save money towards a goal. For even more ideas, check out ACCC’s tips to Save By Cutting Back.
To calculate how much and how long it will take to reach any particular goal, check out ACCC’s Saving For a Goal Calculator.
To speak with a certified credit counselor about budgeting and debt management solutions, contact American Consumer Credit Counseling for a free counseling session. Call 800-769-3571.