This page uses JavaScript. Your browser either does not support JavaScript or you have it turned off. To see this page properly please use a JavaScript enabled browser.
Members First CU of Florida Go to main content
Become A Member Apply for a Loan Branches ATMs
Home > Reflecting on Financial Goals
Reflecting on Financial Goals11/13/2024

couple planning their finances

Reflecting on your financial goals can be a powerful exercise as you approach the end of the year. Reflecting on your goals during this time, gives you the opportunity to assess your progress, celebrate your achievements, and identify areas you may need to make adjustments. Here are some steps to help guide you as you reflect on your financial goals:

1. Review Your Past Goals.

  • Take a look at the financial goals you set at the beginning of the year. Have you achieved them? If not, what obstacles stood in your way and were they preventable?
  • As you review your goals, take time to celebrate the milestones that you've reached, no matter how small. Recognizing your successes promotes a positive mindset and can help motivate you to continue progressing.

2. Analyze Your Spending Habits.

  • After reviewing your goals for the year, take a look at your current budget. Examine your spending patterns over the past year. Are there areas where you consistently overspent? Were there any unexpected expenses that derailed your plans?
  • If you aren't already, consider using budgeting tools like financial calculators, our budgeting widget on Internet Banking, or trusted budgeting apps to help track your spending and identify areas for improvement.

3. Reevaluate Your Budget.

  • Based on your review, adjust your budget so that it better aligns with your current financial situation and goals. This may involve reallocating funds or reducing or eliminating certain expenses.
  • Ensure your success by creating a budget that reflects both your needs and wants, allowing for savings, investments, and leisure.

4. Set New Goals.

  • As you plan for the upcoming year, set new financial goals that are realistic and achievable. Whether it's buying a home, building an emergency fund, or paying off debt, having clear objectives will help guide your financial decisions.
  • Break down your larger goals into smaller, more manageable steps to help you maintain motivation and track your progress.

5. Seek Guidance.

  • If you're unsure about your financial direction or how to achieve your goals, consider speaking with a financial advisor. They can offer personalized advice and help you navigate complex financial landscapes. 
    • Members First Credit Union of Florida offers our members complimentary financial coaching from a certified credit counselor and/or financial fitness coach at our locations on Garden St and Nine Mile Rd.
    • For retirement planning, investments, insurance needs, and trust and estate planning, make an appointment to speak with our partner at Stacy Financial Group. Call (334) 322-9184 to set up your individual appointments or email chad@stacyfg.com.
  • Engaging in community financial workshops and seminars can also provide valuable insights and support.

6. Embrace a Positive/Growth Mindset

  • Approach your financial journey with an open mind and willingness to learn from your successes and setbacks. Consider each experience as an opportunity to grow and improve.
  • Stay informed about financial trends and tools that can enhance your financial literacy and decision-making skills.

Reflecting on your financial goals now not only helps you understand your current financial health, it also empowers you to make informed decisions in the future. By taking some time to evaluate your progress and set new intentions, you can create a blueprint to achieve your financial dreams with both confidence and clarity.
 

Get Your Financial Check-up

Need help planning your goals and making sure you're on the road to financial success? Take our personalized wellness quiz to see if you're on track to meet your financial goals.

Start Over
How would you rate your financial health?
Good/Excellent
Needs Improvement
I'm Not Sure
Do you have an Emergency Fund?
No
Yes
Do you have debt you want to pay off?
No
Yes
Is there a large purchase you'd like to make this year or in the near future?
Yes, I'm planning to buy a car.
Yes, I'm planning to buy a house.
Yes, other.
No
Do you have a budget?
No
Yes
Do you have a budget?
No
Yes
Do you have debt you want to pay off?
No
Yes
Do you have an Emergency Fund?
Yes
No
Emergency Fund
Emergency Fund

Although there isn't a one-size-fits-all solution to financial emergencies, there are steps you can take that will minimize damage while you work on a recovery plan. Having an emergency fund is an important resource for you to have during emergencies, but what are other steps that you can take to help your financially during a crisis? We'll talk about that and how to help you decide on the best financial plan for your needs.

Learn More

Debt Repayment & Consolidation
Debt Repayment & Consolidation

Consumer debt is a common and incredibly personal part of our personal finances. The majority of U.S. adults owe money in some way, shape or form, but what this debt represents can vary from person to person. Whether you're paying down medical bills, educational expenses, home repair costs, or other high-interest purchases, there are steps you can take to help you conquer your debt.

Learn More

Auto Loans
Auto Loans

Ready to get on the road? We have the resources to make your driving dreams a reality. Get tips on purchasing a new vehicle, shop local dealer inventory with our Car Buying Service, enjoy Auto Rewards when you finance with us, and more.

Learn More

Home Loans
Home Loans

Thinking about buying your first home or another property for rental income? Members First Credit Union of Florida is here to lend a helping hand with the home-buying process from advice to financing.

Learn More

Personal Loans
Personal Loans

People need personal loans for a variety of different reasons. Whether you need funds for an emergency, medical bills, a much needed vacation, or your dream wedding, taking out a personal loan from your credit union as opposed to another type of lender is typically cheaper. We'll share why and lend a helping hand to finance your needs and/or dreams.

Learn More

IRAs, CDs, & Investments
IRAs, CDs, & Investments

Compound interest is a powerful concept in saving and investing — it pays to start saving early. We'll show you how and lend a helping hand in making your future brighter with savings and investment options like IRAs and CDs. 

Learn More

Budgeting Basics
Budgeting Basics

Budgeting doesn't mean you have to give up everything you love. Whether you're planning your first budget or re-evaluating your current budget, we'll share some ground rules that will set you up for success by changing the way you look at budgeting and help you create the guidelines for managing your money.

Learn More

Know Your Score
Know Your Score

Your credit score shouldn't be a mysterious number. Whether you've had past troubles, haven't yet established any credit, or want to get the best possible rate on a loan, knowing your score and how your credit score is calculated is important to your financial wellness. We'll share information and tips to help you create a positive credit history and boost your credit score.

Learn More

Checking Accounts
Checking Accounts

As a valued member of Members First Credit Union of Florida we want to know how we can better serve you by improving the products and services available to you. To do this, we ask that you take a moment to answer this short survey to let us know what we can do to make our Checking Accounts more beneficial to you. 

Take Survey

Deposit Accounts
Deposit Accounts

As a valued member of Members First Credit Union of Florida, we want to know how we can better serve you by improving the products and services available to you. To do this, we ask that you take a moment to answer this short survey to let us know what we can do to make our deposit accounts more attractive and beneficial to you.

Take Survey

 



How Useful Did You Find This Information?

Let Us Know

Powered by Delighted.

 



 

RESOURCES

 

 



« Return to "Blog" Go to main navigation
I Want To
I Want To
Loan Center
Loan Center
Credit Cards
Credit Cards
Careers
Careers
Special Offers
Special Offers
Members First CU of Florida
InstagramTwitterfacebookemailWordpressYouTube
NMLS #405711
Equal Housing Lender National Credit Union Administration
This Credit Union is federally-insured by the National Credit Union Administration. We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act.
Members First Credit Union of Florida is not affiliated with Members First Credit Union (Kentucky)

Members First Credit Union of FL is committed to providing a website that is accessible to the widest possible audience in accordance with ADA standards and guidelines. If you are using a screen reader or other auxiliary aid and are having problems using this website, please contact us at 877-434-6328. We are actively working to increase accessibility and usability of our website to everyone. All products and services available on this website are available at all Members First Credit Union of FL branches.

 

Any external links or websites to alternative sites are not operated by Members First Credit Union of FL. We are not responsible for the content of the alternate site or their accessibility standards.

BACK TO TOP