As the new year begins, you may have thought about making resolutions or setting new financial goals for the upcoming year. Settling debts and achieving financial freedom are probably some goals that you consider high priorities. Below are some things to keep in mind as you continue to work towards becoming debt-free.
 
Take Baby Steps
 
Experts say that most individuals do not keep resolutions because they are too complicated or too “big.” Accomplishing major goals like settling outstanding debts does not occur overnight. Doing all you can to stay on your debt negotiation program will make you more likely to reach your financial goals. Making your monthly payments and settling one debt at a time allows you to take small manageable steps towards that “big” goal of being free of burdensome debt.
 
Spend Extra Funds Wisely
 
Your goal is to complete your debt settlement program as soon as possible. One way to increase your settlement account is to put any extra money that you receive towards your program savings. We realize that many of you must follow a strict budget. However, throughout the year, you may receive additional money from tax refunds, wage increases, holiday bonuses, inheritances, contest winnings, etc. Every dollar amount, regardless of how small, will bring you one step closer to financial freedom.
 
Put It In Writing
 
Making a list of your goals may help make them seem more attainable. Throughout the year, take a look at this list to evaluate your progress. Because life constantly changes, be sure to periodically update your goals to reflect these changes.
 
Change Your Habits
 
Resolving to become debt-free will also involve changing some of your financial habits. This publication strives to offer valuable money saving tips on a monthly basis. Try to take advantage of the many helpful resources such as these as you contemplate your financial strategies for the upcoming year. Discover cost-conscious ways that will meet the needs of you and your family. Would you benefit from bringing a lunch to work instead of eating out? Could you reduce the amount of your utility consumption or find a better rate on your auto insurance? Would a part-time job fit into your schedule?
 
Stay Organized
 
Establish a filing system for all of your financial documents. Knowing when your bills are due and paying them on time may help you achieve your goals. Balance your checkbook and make a monthly budget. If you know how your money is being spent, you bring a clearer perspective to your financial plan. Disorganization may cause chaos and confusion, which may delay your financial goals.
 
Stop Trying To ‘Keep Up With The Joneses’
 
You may know of a friend or neighbor that buys a new vehicle every few years or shops frequently for the latest gadgets. Because we live in such a consumer-driven society, it is easy to fall into this trap. Having the need to always purchase the latest and greatest can really hinder financial goals and create more debt. When compelled to spend a lot of money on items that are not necessities, keep your financial goals in mind.
 
Don’t Get Discouraged
 
You may stumble upon a series of road blocks on the road to financial freedom. If you encounter difficult situations remember your ultimate goal is to be free of debt. You can also contact your debt settlement company when you have any questions about your program or a problem with a specific collector.

Bill Loughborough
http://www.articlesbase.com/debt-consolidation-articles/establishing-financial-goals-722058.html