It’s natural to reflect on the resolutions and goals set at the beginning of the year.


To stay on track and be financially successful this year, it’s essential to start mapping your goals now so you can start off on the right foot and avoid quitting a few weeks into January. take these few simple steps to set a clear financial plan and allow yourself to prosper in 2020.


Evaluate your current financial situation.


Start with where you are and where you want to go. Your credit score, debt load, account balances, assets and net worth are all important numbers to know when mapping out your starting line. Next, categorize those based on your top needs and priorities.


If you are in credit card debt or any other forms of unhealthy debt (especially those with high interest rates), paying down your debt in a responsible manner should be a priority. And if your savings account is not built out with at least three months of living expenses, consider making that a priority, too.


Pick your top two financial goals.


While planning early may put you in the mindset to conquer all your goals, consider focusing on and sticking to one or two goals. Financial goals tend to fall into one of the following four categories: debt pay-off, emergency savings, short-/medium-term investing and long-term/retirement investing. By homing in on just one or two goals, you’ll be able to better focus on taking the steps needed to attain success.


For example, if your goal is paying off credit card debt, planning now will allow you to find a variety of methods that will help you consolidate and get on track. Popular tactics include the “avalanche or snowball payoff method.


Find the right motivation.


It’s one thing to pick one or two financial goals you want to accomplish, and another to actually  to stick to them. Finding the right motivation will be key when you hit roadblocks. Whether it’s treating yourself to a small splurge or telling your community about your milestones, find a way to motivate yourself to keep on keeping on.


Financial planning can be overwhelming, but it doesn’t need to be. Taking small steps and getting an early start will help you conquer whatever financial goals you want to reach in 2020.