8 habits to stay on track with your financial goals

What you’ll learn:

How to set specific and measurable financial goals
How to make big goals more manageable and less overwhelming
How automation can simplify your financial management and help you stay consistent
The importance of tracking progress and celebrating milestones

Achieving financial goals isn't just about making a plan—it's about staying motivated and setting goals you can actually stick to. Here are some easy strategies to help you stay on track:

1. Set clear goals

Start by setting specific goals you can measure. Instead of vague goals like "save more," aim for something concrete, like building an emergency fund or growing your retirement savings by a certain age. Clear goals give you a target to aim for and make it easier to see your progress.

2. Break it down

Big goals can feel overwhelming, so break them into smaller steps. If you want to save a certain amount in a year, divide it into monthly or weekly goals.

3. Use a vision board

Create a vision board with pictures and quotes that remind you of your goals. Keep it somewhere you’ll see every day—this visual reminder can be a powerful motivator.

4. Automate your savings

Set up automatic transfers to your savings or investment accounts. This way, you’re consistently setting money aside without even thinking about it, making it easier to stick to your plan.

5. Track your progress

Regularly check how you’re doing. Use budgeting apps or financial tools to monitor your savings and investments. Reviewing your progress keeps you motivated and on track.

6. Reward yourself

When you hit a milestone, treat yourself! Small rewards make the journey to your larger goals more enjoyable and keep you motivated.

7. Keep learning

Stay informed about finance and investing. The more you know, the more confident you’ll feel about achieving your goals.

8. Find support

Surround yourself with people who support your financial goals. Whether it’s friends, family, or an online community, having a support system makes a big difference.

By building these habits into your routine, you can stay motivated and keep moving towards your financial goals. Remember, it's all about consistency and making small adjustments along the way. You’ve got this!

To learn more about investing, go to Investing in the CommBank app.

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