There are 93 days left in 2024. Can you believe it? As we head into the final stretch, it’s a great time to reflect on what you set out to achieve this year. Whether it’s improving your fitness habits, reading more books, or achieving the investment goals you set out for yourself.
The good news is that you still have time to make those resolutions a reality. So, how can you make the most of this time? Let’s dive into a few practical strategies to maximize the remaining months and end the year on a high note.
1. Review your 2024 financial goals
We recently mentioned this point in another recent article, and it is worth mentioning again. The first step to achieving your goals is to look back on them. Did you set a savings goal back in January? Are you trying to reduce debt or build an emergency fund? Now is the time to revisit those goals and evaluate your progress.
Tip: Write down your current progress and compare it to your original goal. This will give you a clearer picture of where adjustments may be needed. If you’re close to reaching your target, it might just take a few extra steps to get there. If you’re further behind, don’t worry—there are still three months to make significant progress.
2. Focus on small, impactful changes
When you’re in the final quarter of the year, small but consistent actions can make a big difference. This could be anything from cutting back on non-essential spending to automating a portion of your pay check into a savings account or investment. By making these small changes now, you’ll be amazed at how much you can achieve by year-end.
Tip: Prioritize high-impact changes, like reducing unnecessary expenses or setting up an automatic transfer into a savings or investment account, which can give your progress a quick boost.
3. Maximize your savings potential
Even with just a few months left, there’s still time to make your money work harder for you. Consider options that allow you to increase your savings with minimal effort. If you’ve been maintaining a savings plan throughout the year, now’s the time to give it a final push. Look for opportunities to save more or invest in ways that provide stronger returns without locking your money away for too long.
Tip: If you’re already using investment platforms like Go & Grow, this could be the time to leverage the increased return rate to push toward your goals.
4. Plan for unexpected expenses
One of the biggest barriers to achieving financial goals is the inevitable appearance of unexpected expenses. These can derail even the most carefully laid plans. In fact, Americans tend to spend a quarter more than what they make.
Tip: Set aside a small ‘rainy day’ emergency fund for these surprise expenses so that they don’t interrupt your broader financial plans. It doesn’t have to be large, but having a cushion for unexpected events can give you peace of mind as you work towards your year-end goals.
5. Stay consistent and positive
Finally, consistency is key. With only 93 days left of 2024, it’s easy to feel like you’re running out of time. But staying consistent, even with small efforts, will help you finish strong. Whether it’s checking in on your budget once a week or making regular contributions to your savings, every little bit helps.
Tip: Celebrate small wins along the way. Achieving a goal is a journey, and even incremental progress is worth recognizing.
Make 2024 a year to remember
The year isn’t over yet. With 93 days to go, you can break the limits holding you back and reach the goals you set for yourself. Make 2024 your most successful financial year ever!
