Setting Goals How to Make a Budget Best Budgeting Apps Managing … To get your finances on the right path in 2021 here are 7 financial goals you should consider setting for yourself. This goal is key if you are serious about getting out of debt. 4 Important Financial Metrics to Help Evaluate a Company, Small Investment Ideas: How to Invest with Little Money, 20 of the Best Investing Books Every Investor Should Read, Rule #1 Excel Formulas for Making Calculations on Your Own. Financial goals for 2020. Or … Pay Off Debt. Your successes, life events, family and work situation. To make 2020 truly count, be deliberate in making an impact both in your personal and professional life. As 2019 comes to an end, it’s time to start thinking about your goals for 2020. Top 10 skills for 2020. These 10 goals will help you make lasting changes and take control of your finances in the New Year, and beyond. One of the most important of those aspects is your financial success. A financial goal is a statement of financial intent, with figures to make it measurable, and a date to ensure we have a target to aim for. It’s okay to have lower expectations this year. If you can stick to your budget, you will be more likely to reach your financial goals. Avoid the stress and hassle that comes with waiting until the last minute and set a goal to have your tax documents fully prepared as soon as possible. As demonstrated in this post when I shared our latest financial independence update we’ve managed to kill off almost $10,000 on our mortgage over the last six months. Financial Goals: Start saving for retirement, get out of debt, or use a monthly zero-based budget. For the bigger goals such as educating children or your retirement, t here are numerous financial planning calculator s online to help you estimate your monthly savings target to achieve long-term goals. Goal 2: Manage your debt. Here are a few easy financial goals you can achieve this year. Financial Goals. On January 25 Coombs CPA, PC will be holding a Financial Empowerment seminar and we look forward to seeing you there! Miriam Caldwell has been writing about budgeting and personal finance basics since 2005. By nature, they are both aspirational and measurable, which equally makes financial-driven objectives essential for getting the goal setting process started for young businesses. First published in City Press. The latter is just a tool. You don’t have to wait to get your financial life in order. FI Ratio > 110%. Amazon’s Goals and Objectives — and What It Means for Retailers. My 2020 financial goals don’t differ that much from the 2019 and that’s good to me. If you follow a debt payment plan, you will speed up how quickly you can pay off your debt. It’s okay to have lower expectations this year. The Balance Money Kit: Eliminating Credit Card Debt, 5 Financial Goals to Help You Make the Most of the Next Year, 5 Ways to Stop Stressing About Your Finances, How to Budget as a Couple Without Fighting, How to Know If You Need to Make More Money, A Step-by-Step Guide to Getting Out of Debt, Follow This Step-By-Step Guide to Learn to Create Your First Budget, How a Financial Plan Can Help You More Than Financial Goals. Fully stocked emergency fund. My goals for 2020 are divided in Financial and Private goals. Using a Financial Advisor 5 Types of Investing Strategies: How to Pick the Right One for You. If you really want to hit your financial goals this year, here are a few investing resources you should review. ... Financial goals are one of the most useful top-level objectives you can have. Accessed July 22, 2020. In conclusion, begin writing out your 2020 financial plans. If you have a full time job, you should contribute up to the amount that the company will match until you are out of debt. Financial Goal: Max out … Pick one, or work toward all 10 of these goals, to improve your finances in 2020. Setting goals is proven to be an essential factor in finding success, and this is something that applies to all aspects of life. My personal favorite is the one that Dave Ramsey popularized, which is the Debt Snowball Method. Features Money Matters with Nimi: Financial Goals for 2020. FI Ratio > 110%. January 13, 2020 by admin in News & Events. We are now at the final month of 2020. Every high achiever and success guru does this. You can edit them to suit your needs. Setting financial goals is an important step toward gaining control of your business finances. Whether it’s to make an extra $10,000 this year or start investing, nearly everyone sets a money goal every year. Credit Cards 101 Best Credit Cards of 2020 Rewards Cards 101 Best Rewards Credit Cards Credit Card Reviews Banking. Okay, since you probably came here to read about money goals I could come up with something. Your 2020 financial goals prioritized Set yourself up for financial success in 2020 by getting clear on your priorities. There’s no big secret to setting financial goals in your household. Wells Fargo. With new year behind the corner we have decided to explore what are the essential skills in 2020 and what SMART goals you should set, in order to develop or improve these skills. There are several things that you can do to be more generous in 2020. Beyond that, writing these promises down or looking at them daily or even weekly leads to increased motivation. Many budgeting apps allow you to enter each transaction as you make it. Pay Off Debt. Learn about financial goal ideas, financial planning, achieving financial independence and financial freedom, investment ideas and investing tips, budgeting tips, earning extra money, paying off debt, and more. 1 financial goal for 2020 Published Thu, Jan 2 2020 1:53 PM EST Updated Fri, Jan 3 2020 2:44 AM EST Anna Hecht @annarhecht Phil is a hedge fund manager and author of 3 New York Times best-selling investment books, Invested, Rule #1, and Payback Time. Whether you want to save up to buy your first home, jump start your retirement savings, or pay off debt, there's no better time to set some financial goals than at the start of a new year. If you are not happy in your job, then perhaps it's time to look around for a more fulfilling or better-paying job. But since, as I said at the start of this post, I do not want my short-term goals to inflict any risk, my goals need to be dependent on factors that I am able to control. Get a clear vision for your finances in 2020 with world-class advice. Check out the free-to-download worksheet she suggests using in … Tired of Fighting About Finances? It’s been a difficult year for everybody and it is really dragging. Why not start today? Accessed July 22, 2020. It also provides an opportunity to achieve your highest aspirations. Setting financial goals is an important step toward gaining control of your business finances. If possible, you should try to get completely out of debt, but depending on your income and the amount of debt you currently have, you may not be able to do that. I will do my best to achieve my 2020 Financial Goals I am going to try to focus on everything I do have not what I have lost or miss. Rachel Cruze is a two-time #1 national bestselling author, financial expert and host of The Rachel Cruze Show.. She has appeared on Good Morning America, Today and Live With Kelly & Ryan, among others.Since 2010, Rachel has served at Ramsey Solutions, where she teaches people how to avoid debt, save money, budget and win with money at any stage in life. We just need to survive 2020 and hope for better days ahead. So beyond any 2020 financial goals, I will personally be putting a higher focus on health and time management for happiness. As always the Community Facebook Page has set the bar high and brought us some impressive ambitions that we can’t wait to follow and help motivate! Do Election Years Affect the Stock Market? User Name just applied fora Rule #1 Workshop Scholarship! I will analyze my expenses and try to earn money on the side to achieve this goal. Setup Your Most Successful Year Yet If you can slash your spending a bit more each month, you will have more money to put towards your other financial and savings goals. Fitness Goals: Hit the gym more often, take the stairs, and remember to eat your veggies. Those are all great goals to work towards, but don’t forget about financial goals too! This plan will help you make financial decisions over the next few years and can be one of the most beneficial things you do. 15 Best Business Goals Examples in 2020. As always the hosts will also be transparent with their financial goals for 2020. A new year offers a chance for you to start fresh. Financial Goals 2020. There are number of methods that you use to reduce debt. For those who don't have access to a 401(k), Individual Retirement Accounts can be a vital long-term savings tool. But since, as I said at the start of this post, I do not want my short-term goals to inflict any risk, my goals need to be dependent on factors that I am able to control. Here are a few easy financial goals you can achieve this year. First, plan to get your credit in check. Once you’ve set a budget, it’s time to set a savings goal for this year. Warren Buffett, Tony Robbins, and my friend Brian Tracy will all tell you that goal setting is a huge part of their success. The Perfect Budget Worksheet to Manage Your Savings Goals. Why not start today? From paying off your credit card debt to saving for the car of your dreams, it’s time to learn how to set financial goals in 2020.. Studies show that people who write down their goals are three times more likely to achieve them. 2020 Goals Despite getting oh so damn close to realizing goal #1 above before COVID-19 changed everything, goal #2 is actually coming along quite well. Phil’s goal is to help you learn how to invest and achieve financial independence. If you can accomplish the above ten financial goals, you’re going to be in a great position financially compared to other 20-somethings. In today’s episode, the guys share with you the powerful goals The FI Show group set for 2020. The job market is constantly changing. I had eight goals in 2018, 9 goals in 2019 and now 10 goals in 2020. 11. Financial goals to set for 2020 . That being said, I know a lot of people don’t know where to start with setting financial goals. On December 2, 2020 By Mr Budget In Financial Goals, Investment. Choose to do just a few of them or you are ready to tackle all of them, but either way, working toward your financial goals — and having a plan to make your resolutions stick — are the first steps to a healthier financial future. Budgeting. For 2020, I want to shoot for another $200k increase, bringing us to $1.5 million. The only financial goal more important than saving and investing is paying off bad debts. Financial Goals for 2020. Financial Goals: No New Debt. Spiritual Goals: Pick up a new devotional, start a daily journal, or plug in to a group at your church. So I’m going to share some specific personal finance goal examples for you. Health and happiness are far more important than money. Financial Goals: Giving . 6 Types of Investments: What Will Make You the Most Money? The start of a new year, and in fact a new decade, is a great opportunity to reflect on life. The financial goals that you go after in 2020 will depend on your family situation, but a few ideas for financial goals are: Saving a small starter emergency fund Paying off debt This year you need to do something to advance your career. The key to setting goals is to make a habit of setting them and revising them. 10 Financial Goals You Need to Set in 2020 1# Budget, Budget, Budget The best way to gain control of and monitor your money is to create a budget, so you’ll know where your cash comes from and where it … But it's not easy. Putting it simply, you should be spending less than you earn and putting money into savings. Like it or not, tax season is coming up quick. In order to achieve your financial goals, you first have to set them. It’s now time to start thinking about longer-term financial goals. Here are three financial goals you can accomplish in the first three months of 2020 that will help set you up for a successful decade. This makes it important to start now on researching the companies that you would like to invest in so that when these companies do go on sale you’ll be ready. Debt is the ultimate financial killer, yet statistics show that the majority of people in the U.S. are living in some degree of debt. The future is bright and so is the present because life is what you make of it. In 2020 I would like to increase it to minimum 40%. 20 Financial Goals for 2020 By Lea Satterfield January 17, 2020 June 24th, 2020 No Comments Every year, millions of individuals set personal and professional goals for their New Year’s resolution. What Financial Goals Are on Your Bucket List? Have a Well-Stocked Emergency Fund. –Nicole Booz . No matter your financial situation, it's always wise to cut spending where you can. Setting a budget allows you to exercise discipline when it comes to how much of your money is going to necessities, how much is going to recreational expenses, and how much is going to savings and investments. You may want to choose one category each month through the year to look for ways to save money. Biglaw Investor 17 Financial Goals for Building Wealth in 2020 1. In 2020, I added $40,000 to our RE crowdfunding investment with CrowdStreet. I love this one! Money Goals for 2020: Tips from 30 Experts. If you’ve ever heard, “Where your focus goes, your energy flows,” it’s completely true, and you can prove it to yourself this year. A new year offers a chance for you to start fresh. It should also include an investing strategy and a plan to build wealth. Fidelity Investments. This figure is based on the most recent forward dividend income projection . You don’t have to wait to get your financial life in order. If possible even higher. Average personal debt has climbed higher than ever to $38,000, with more than half of Americans citing debt reduction as their top 2018 financial … The net worth goal for 2019 was to increase it by $100k, and we actually increased it by $200k (to $1.3 million). Learn more about Phil. A financial plan can be more effective than just setting random financial goals without looking at the bigger picture. cut spending. First, plan to get your credit in check. I list sample financial goals below in no order. Your credit history will help determine your credit score, which in turn will determine your credit worthiness … Many of my New Year goals are way behind. Some of your goals might include weight loss, a promotion at work, or finishing your degree. This plan should outline a timetable of when you will purchase a house, when you will retire and any career changes you plan to make. While you will have plenty of opportunities to buy great companies at a great price, it still isn’t extremely often that the market puts high-value companies on sale. In today’s episode, the guys share with you the powerful goals The FI Show group set for 2020. Make it easier for yourself with this 12 Month Financial Planner that I’ve created for you. It’s also good to assess your finances, financial habits and set some exciting financial goals … If we’re lucky, the funds will grow, and be withdrawn tax free as health expense reimbursements during early retirement! The 2nd of my financial goals for 2020 is to receive $628.27 from dividend investing. I can’t wait until this year is over with. Spend time every year, before the new year to determine what you want to focus on in the coming year. Obviously, your savings goal should be attainable, but it should also be as large as you can manage. Set Long-Term Financial Goals. See more ideas about Financial goals, Budgeting tips, Budgeting. 2021 might just be an amazing year to get amazing deals on wonderful companies that you wouldn’t be able to get any other time. Regardless of whether you are living paycheck to paycheck or have plenty of money left that you funnel into savings, setting a budget is still essential. Sometimes physically writing it out makes you more aware of what you're spending. This may seem like a simple goal, but writing out a spending plan each month is the first step in getting control of your finances. And when it comes to your finances, it is important that you get in the habit of setting annual goals. In reality, you just need to sit down and put in the work. Updated July 29, 2020. You can record it in both the account and the category so you can stick to your budget and recognize your budgeting weaknesses. She teaches writing as an online instructor with Brigham Young University-Idaho. "50/15/5: A Saving and Spending Rule of Thumb." After all, that's more money in your pocket that you can contribute to your long-term financial goals. From paying off your credit card debt to saving for the car of your dreams, it’s time to learn how to set financial goals in 2020.. Studies show that people who write down their goals are three times more likely to achieve them. If your credit score ends up being lower than you would like it to be, begin taking steps to improve it, such as paying off debt and keeping the balances on your credit cards low. And from a mechanical standpoint, that’s true. You can edit them to suit your needs. I nvesting is a non-negotiable part of the long – term wealth creation equation; don’t neglect it. If you haven’t yet thought about what you can do to help your current financial situation, now’s the time. We save this money for a health emergency. Best Banks Understanding Interest Rates Saving Accounts Checking Accounts CD Rates Credit Unions Investing. first step in getting control of your finances, 50/15/5: A Saving and Spending Rule of Thumb. 2021 might just be an amazing year to get amazing deals on wonderful companies that you wouldn’t be able to get any other time. There is a reason that I am a firm believer in making yourself promises, instead of setting goals. Many of my other financial goals (like adding money to savings, traveling, and buying a house) will be bolstered and achieved faster by increasing my income. This allows you to start building your retirement savings, while still freeing up money to put towards debt. Debt repayment forms the core of any realistic and helpful financial plan. It’s also important to note that once you’ve set a savings goal and divided out how much money you need to put aside from each paycheck to reach that goal, you should put that money aside first and foremost. Setting Goals How to Make a Budget Best Budgeting Apps Managing Your Debt Credit Cards. Good things will happen as a … IRAs. The start of a new year, and in fact a new decade, is a great opportunity to reflect on life. Real Estate Crowdfunding $150,000. Using the principles of Rule #1 investing to find great companies to invest in takes a little time and patience. You should try to get by with your current car or save up cash for a new car. Kumiko Love, founder of The Budget Mom, shares her tips and tricks for following a budget and reaching your goals in 2020. Set Long-Term Financial Goals. We normally think of having an emergency fund as being a short-term financial goal. 18 Smart Personal Finance Goals to Pursue this Year Whether the objective is to get personal finances back in check or to save more money, consider the following examples of personal financial goals. Build Your Credit: You may have a credit card from college, but now is the time to start making sure you are actively building your credit history. It’s also good to assess your finances, financial habits and set some exciting financial goals … Set a goal of how much debt you want to pay off this year, then work backward and calculate how much money you'll need to put toward that debt each month. Paying off debts such as these should be your first priority, and this year is as good a time as any to become debt-free. In 2020, I added $40,000 to our RE crowdfunding investment with CrowdStreet. Hi everyone! A new year offers a chance for you to start fresh. This means you need to stop using your credit cards. ... You need to be clear on what your most pressing goal is. Financial Goals for 2020. An emergency fund is the key to protecting your finances and building up your financial … Set The Best Financial Goals in 2020. Previous A financial goal is a statement of financial intent, with figures to make it measurable, and a date to ensure we have a target to aim for. By reviewing the clear benchmarks, reviewing the monthly list of promises, adding your own, and completing challenges. The Best Financial Goals for 2020. PhotoAlto / Frederic Cirou / Getty Images. He was taught how to invest using Rule #1 strategy when he was a Grand Canyon river guide in the 80's, after a tour group member shared his formula for successful investing. Get Your 12 Month Financial Success Planner, Get Your 12 Month Financial Success Planner. Several older projects completed this year and I want to reinvest. The size of your emergency fund really depends on your current situation. Personal Finance 2 Kari Cox January 8, 2020 goal setting, financial goals, vision board, how to set any goal, financial goals for 2020, debt-free journey, debt-free, income goals Comment Facebook 0 Twitter LinkedIn 0 Pinterest 0 0 Likes By admin November 28, 2020 November 28, 2020 strategy. Get control of your finances with these financial goals for the New Year. Hey everyone, 2020 is halfway done! 1. Okay, since you probably came here to read about money goals I could come up with something. You could give away 1% more of your income in 2020 than you did in 2019. Whether the goals you are making are small or large, one thing is for sure: everyone should have at least one financial goal on their list going into 2020. 2020 is going to be fun and challenging all at the same time. Financial Goals Increase My Savings Rate to 40%. Make a specific goal on how much debt you want to get rid of this year. The Best Financial Goals for 2020. You are 42% more likely to complete your promises to yourself if you write them down. Financial Goals for 2020? High interest, bad debts such as credit card debts and personal loans act exactly the opposite of good investments, decreasing your worth at a compounding rate, rather than growing it. Celebrate each win, no matter how big or how small, and you’ll notice how much more fun it becomes to do something that you initially thought would be ‘work’. Pay Off Debt. Each year, far too many people make the mistake of waiting until the last minute to get all of their necessary documents together. In the first month, you may want to physically write down each purchase you make in a notebook that you carry with you. Setting Your Financial Goals for 2020. If your job is more volatile or you are the primary breadwinner for your family, you should aim to save up at least three to six months of living expenses in your emergency fund. This will help cover you in the event of an emergency without accumulating more debt. Remember, the more you save now, the more that money will multiply or compound as time goes on. Check out www.listenmoneymatters.com for more adulting tips and money hacks. When the market plummets, we want to be ready to take advantage of the fire sale on wonderful companies. We just need to survive 2020 and hope for better days ahead. If your savings are the first part of your budget you pay, they’ll be much less likely to get left out. Phil has a passion educating others, and has given thousands of people the confidence to start investing and retire comfortably. My current savings & investment rate is about 34%. 61% of Americans say this is their No. If you’ve never thought much about this, here are 10 good financial goals that everyone should make a priority in 2020. Calculate how much money you need for retirement 2. If you are still getting out of debt, you should have a smaller emergency fund until you pay off your debt, like $1,000. Real Estate Crowdfunding $150,000. IRAs. Financial Goals. Here's why: Writing out your budget and how you spend your money helps you get a better handle on where you are each month — where you're excelling, plus where you can improve, i.e. Get Your Credit in Check. How to create a household budget & set financial goals for 2020 Posted December 27, 2019 11:34 a.m. EST Are you living comfortably within your means or struggling to make ends meet every month? I list sample financial goals below in no order. How’s everyone holding up? Financial goals are so personal to what you want for your life. Be prepared this tax season by coming out and supporting our local businesses. Fortunately, it’s possible to alleviate and eventually pay off your debt. As with our monthly updates, here are what we’ve done in November with regards to our personal finance. 10 Financial Goals You Need to Set in 2020 1# Budget, Budget, Budget The best way to gain control of and monitor your money is to create a budget, so you’ll know where your cash comes from and where it … He and his wife, Melissa, share a passion for horses, polo, and eventing. 2. Setup Your Most Successful Year Yet. For those who don't have access to a 401(k), Individual Retirement Accounts can be a vital long-term savings tool. At this point, I just want to survive 2020 with minimum damage. The amount you get from your employer’s match should count towards that fifteen percent.. As always the hosts will also be transparent with their financial goals for 2020. Many of my other financial goals (like adding money to savings, traveling, and buying a house) will be bolstered and achieved faster by increasing my income. If you can commit to yourself that you will no longer borrow money, then you can plan ahead for major purchases, and really make a dent in the amount of debt you have. The one exception you may make to this goal is if you are ready to buy a new home. If you do not qualify for a 401(k), you should be consider contributing to a Roth IRA or a traditional IRA instead. A long-term financial plan will address all aspects of your finances. However, identifying a particular focus for your 2020 resolutions will improve your chances of success. When the market plummets, we want to be ready to take advantage of the fire sale on wonderful companies. 2020 Financial Goals : 1) Net Worth Goal. The tax-advantaged HSA will enjoy an increased contribution limit in 2020 of $7100 for a family. It’s nice to actually have a template for goals now. Although I projected a higher number in last year’s financial goals , I am basing this year’s number on the most recent projection to keep things simple. 4 Key Financial Goals for Millennials by Maurie Backman | April 25, 2020 The Ascent is reader-supported: we may earn a commission from offers on this page. It also provides an opportunity to achieve your highest aspirations. That’s why saving and getting your finances in order is so important. Heck, I even look at my goals every day and review what it is I want to achieve. It’s now time to start thinking about longer-term financial goals. Get a handle on what your credit score is and the factors that are affecting it. Several older projects completed this year and I want to reinvest. 11. First, financial emergencies derail a surprising number of people. Otherwise, you should contribute 5 percent of your earnings until you are out of debt (not counting your mortgage). Take some time to research companies to invest in. The third type of Financial New Year’s Resolution for 2020 would be a Giving Financial Goal. Get a handle on what your credit score is and the factors that are affecting it. Editor’s Note: This blog was updated for 2021 with new statistics and tips. As always the Community Facebook Page has set the bar high and brought us some impressive ambitions that we can’t wait to follow and help motivate! Are you hoping to start the New Year with a money cleanse and some resolutions to cut your spending and save more cash? It's almost the New Year, and that means it's time to set some serious financial goals. First published in City Press. I’m not sure I’ll keep increasing it every year as ten seems like a nice round number. Even if it’s to pay a few bills, finding a side-hustle is still a worthy financial goal for 2020. The fourth type of financial goal that you could incorporate for 2020 would be a Debt Reduction Goal. I set new goals every year, every month, and every week. What Have We Done This Month Towards Our Financial Goals – November 2020. I am going to try to get farther out of the hole I am in. Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. May 10, 2020 - All about your #financialgoals! My Biggest Stock Market Mistakes (And How to Avoid Them), Investing for Beginners: How to Create an Investment Plan, How to Invest Money: A Simple Guide to Grow Your Wealth in 2020, 50 Warren Buffett Quotes on Investing, Life & Success. Once you are out of debt, then you should begin contributing 15 percent of your income. Debt repayment forms the core of any realistic and helpful financial plan. My number one money goal going into 2020 is to increase my income by 20%. This is a tough goal, but as you carefully set up your budget and track it, you should be able to stick to your budget. This is a great habit to keep not just the first few months of 2020, but the entire year. Personal Finance 2 Kari Cox January 8, 2020 goal setting, financial goals, vision board, how to set any goal, financial goals for 2020, debt-free journey, debt-free, income goals Comment Facebook 0 Twitter LinkedIn 0 Pinterest 0 0 Likes June 2020 Goals and Financial Update. 2020 Financial Goals Overview. If you love your job, and you see yourself staying there for the next 10 years, you can still find something you can do to improve your career stability and to prepare yourself for the next step, such as continuing your education or applying for a promotion. One example of a SMART goal may be to pay down the company’s debt, thus making more money available for employee pay increases and other projects: ... Increase Website Traffic 25% by December 2020. Learn How to Stop. By setting a budget – and sticking to it – you’ll be able to better control how you are able to reach your other financial goals. If you can accomplish the above ten financial goals, you’re going to be in a great position financially compared to other 20-somethings. 1. One example of a SMART goal may be to pay down the company’s debt, thus making more money available for employee pay increases and other projects: ... Increase Website Traffic 25% by December 2020. Whether you start this in January or put the planner into use halfway through the year, the promises and challenges will work for you and help get you focused on the financial success you’ve been striving for. It also provides an opportunity to achieve your highest aspirations. Get Your 12 Month Financial Success Planner. To get your finances on the right path in 2020 here are 7 financial goals you should consider setting for yourself. The Balance Menu Go. That’s why saving and getting your finances in order is so important. Your plan may be different if you are single than if you are married, but it is essential to have one, no matter your relationship status. One of the best financial goals and the #1 place you might want to start is making sure your emergency fund is fully funded! Your successes, life events, family and work situation. From paying off your credit card debt to saving for the car of your dreams, it’s time to learn how to set financial goals in 2020.. Studies show that people who write down their goals are three times more likely to achieve them. No matter what your financial goals are for 2020, consider dividing them into two categories: goals related to being prepared for the unexpected this year, and those related to what you want to be different at end of the year. Every high achiever and success guru does this. Goals in perspective. Start by setting some financial goals. In a letter to shareholders, Amazon outlines the four principles that guide the company: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence and long-term thinking.In both their online and physical locations, the focus is on selection, price and convenience. Opportunities for success are more likely to come to those who have a clear financial roadmap and who set realistic financial goals. As time goes on, you may consider moving to a smartphone app to track your spending. Menu ... How To Set a Realistic Financial Goals: 8 Money Saving Tips In 2020. Financial Goals 2020. In conclusion, begin writing out your 2020 financial plans. If you can write out your budget each month, and put every dollar you earn in a specific place, you will begin to improve your finances. You may find that you need to keep working on the same category so that you can continue to find ways to save money each month. financial goals and setting a realistic financial goals should be part of our life setting because it is virtually the key to achieving our financial succe. The offers that appear in this table are from partnerships from which The Balance receives compensation. Reduce your D ebt "Saving for an Emergency." Financial Tips for the New Year.