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5 fixes for your own fiscal year

Revise your financial goals
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Revise your financial goals

"It's a great time to take a look at your money goals," says Mark Foster, director of education for Credit Counseling of Arkansas.

Some people don't have goals, and others will want to revise theirs, he says.

Want to have a better chance of achieving your goals? There are a couple of things you can do.

First, write them down. "Studies have shown when you write down your goals, you're more likely to succeed than if you don't," Foster says. Second, post the document where you'll see it as a reminder -- such as your fridge, bathroom or calendar.

Third, make those goals "as specific as possible," Foster says. Instead of saying "I want to be financially healthy," define exactly what that would look like. You can say, "I want another $2,000 in my savings account." Or, "I want to pay off my card bills and put $100 a month into an emergency fund."

Some people reveal their financial goals to friends or family, who can inquire from time to time and act as "kind of a cheerleader," Foster says.


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