Realistic financial goals to set in 2016

Realistic financial goals to set in 2016

Realistic financial goals to set in 2016

With the new year just beginning there’s still time to make some resolutions. Financial goals can sometimes be overwhelming or feel difficult to achieve, but you can start small and still make a big difference to your finances.

If you’re unsure what kind of financial goals would be realistic for you in 2016, here’s some inspiration:

Always use vouchers and cash back sites where possible

A nice easy one. If you’re going to buy something always check first if vouchers or cashback are available.



Put every £2 in a piggy bank

A simple undertaking that can really add up over the year is putting all your £2 coins in a money box. You could make it £1 coins if you’re feeling adventurous!

Keep track of your budget

It’s easy to overspend if you’re not on top of your finances. If this sounds like you, make a resolution to keep a regular watch on your finances.

There are numerous apps available, or you could keep track on a spreadsheet or good old-fashioned paper.

Save X% every month

Once you’ve figured out your budget, make a goal of how much you want to and can save each month. Put this in a savings account and vow not to touch it.

Make £50 online every month

This a completely achievable goal; every month you can make hundreds, if not thousands online (depending on how much time and effort you want to spend.) Take a look at the make money category for inspiration.

Use cash instead of cards

Some people swear by the cash envelope system to stop them overspending. Simply take out as much as you need every week or month, and put your allowance in envelopes.

Not having the backup of your debit card when you’re out shopping stops you from overspending.

Switch from satellite to on-demand services

Satellite TV can be an expense and a half! These days there are a lot of cheaper alternatives. If you don’t watch much live TV, consider switching to a cheaper on-demand service such as NowTV.

For a small expense you could buy something like Amazon Fire TV and watch Amazon Prime Instant Video or Netflix and other on-demand services on your TV. This is my current set-up and I’m always spoiled for choice.


Hopefully this has given you something to think about. You really don’t need to do anything drastic to make a nice contribution to your savings. I hope 2016 is kind to you, and you have a wonderful year!

What are your financial resolutions?

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