Another year has come and gone. I don’t know about you, but I’m utterly amazed at how quickly time seems to fly! Regardless of how fast the time goes, it doesn’t change the fact that if you don’t get it together now, time will move on without you. I’m blessed to have realized that at such an early age.
I want you to have that realization too—make moves now because if you put them off, you’re putting off your own success. If you’re not sure what moves to make when it comes to your finances, I’ve got you covered! Every year, I share a post just like this and since we’re now in 2021, I’m sharing 21 ways to will take your finances to the next level this year!
21 Ways to Take Your Finances to the Next Level in 2021
#1 Increase your retirement contribution
Whether it’s upping your 401k contribution by 1% or opening an IRA and contributing to it, your goal for this year is to increase your retirement contribution—even a little bit makes a difference.
#2 Take the self-paced Money Management Mastery Program
My Money Management Mastery for Working Women program has helped so many people turn their money situation around in just 8 short weeks! This self-paced online course takes you through every stage of the money management journey, so you can finally master the money you make.
You won’t be disappointed in everything you learn in this program. Not to mention, there’s no better time than now to sign up because we’re doing 20% off through January 15th! Use code 2021 at checkout!
#3 Give your budget a makeover
When was the last time you revamped your budget? If it’s been more than 6 months, it’s time to give your budget a makeover! Take the time to tweak anything that no longer fits your current situation.
#4 Pay off one credit card right now
If you’re debating using your savings to pay off debt, I challenge you to take the plunge! Leave yourself with at least $500 in savings and put the rest towards paying off a credit card. Right now!
#5 Become thought-conscious, especially with money thoughts
How you think determines how you act. If you’re not aware of how you think, I challenge you to start paying attention to your thoughts, especially around money. If you catch yourself being negative, stop your thought in its track!
#6 Open a high yield savings account
No more excuses, just get it done. I recommend Synchrony and American Express Bank.
#7 Start investing, even on a small scale
Open an account with Robinhood or another reliable investment company. Transfer $50 and—boom! You’ve started investing. It doesn’t take much and it doesn’t have to be scary.
#8 Actually set money goals this year
People are 10x more successful when they set clear goals. Put some specific money goals in place this year and start working towards them.
#9 Put some strategy into your debt pay off
Read Strategies for Knocking Out Debt to get your wheels turning.
#10 Add charity and donations to your monthly budget
You don’t have to give or donate much every month, but helping others is one of the best ways to help yourself. You’ll feel much better about yourself, too!
#11 Go on a “spending fast”
If you’re wondering what a “spending fast” is, let me enlighten you. It’s a specific amount of time (2-4 weeks) where you don’t spend any money except on bills and necessities (like groceries)…but no extras!
#12 Read 1 new finance book a quarter
One new book a quarter equals 4 books during the year. I’ve even got some books picked out for you! Just read 5 Books That Changed How I Handle Money.
#13 Bite the bullet and work with a finance coach
Whether you take me on as your finance coach or someone else, I want 2021 to be the year you invest in your own financial success. There’s nothing wrong with getting help from someone who has been when you are and can help you turn your situation around. In fact, you’re more likely to see success when you put some money up!
#14 Start writing money affirmations daily
If you’re not sure what affirmations are, do some research and come back to this article. I also cover specific money affirmations in the Money Management Mastery for Working Women program.
#15 Add another income stream to your life
The average millionaire has 7 streams of income, so adding just 1 more to your life gets you a step closer to millionaire status.
#16 Talk money with your friends, family and/or SO
Let’s make this year the year you’re open about money with those in your life. Whether you’re sharing your goals, encouraging friends to save, or verbally acknowledging your budget, let’s get vocal!
#17 Take a solo trip
While taking a solo trip doesn’t have a direct positive impact on your finances, it can help put into perspective the things that are most important to you. Take some time to get away by yourself, and think about what you want most out of life. Get clear, and then come home and get to work!
#18 Research your current 401k investments
Not sure where to even start? Read How to Research Your 401k Investment Options.
#19 Audit your current subscriptions
Anything that’s not serving you or bringing joy to your life needs to go. You can often cancel directly from the website of the subscription service, so you don’t have to talk to anyone!
#20 Schedule a free financial focus call with me!
Yep, totally free! Schedule your free financial focus call with me today and let’s discuss 1-on-1 how you can take your finances to the next level this year!
#21 Start watching your net worth
I tracked my net worth for a year and amazing things happened. There’s no better time to start tracking your net worth than right now!
Related: 20 Things to Do for Your Finances in 2020
There you go! Do one (or all) of these things in 2021 and you’ll take your financial situation to the next level instantly! If you’re already doing some of these things, then keep up the good work! It’s only up from here!
I’d love to know what your financial game plan is this year! Drop a comment below to share how you plan to take your finances to the next level.
The CGS Team