How I Stayed Accountable To Reaching My Financial Goals

Today marks a significant milestone in my life, one that I’ve been working towards for years. After countless sacrifices and many instances of saying ‘no’ to things I wanted, I’ve finally achieved my most important financial goal – accumulating a 30% deposit for the down payment on my first home.

The journey hasn’t been easy, but the sense of achievement is overwhelming. It feels surreal to have reached this destination. The discipline and accountability required to consistently save over the years had become such an integral part of my life, it’s strangely unsettling to think I won’t continue in the same manner.

But this journey has taught me the power of accountability. It’s been my steadfast companion, guiding me towards my financial goals, and it’s a concept I hope to share with you as we navigate our financial journeys together.

In this post, I’ll share my strategies with you, providing practical steps to help you create and stay accountable to your own financial objectives. Because, when it comes to our finances, we’re not just talking about money; we’re talking about the freedom to live the life we want. And trust me, if I can do it, so can you.

1. The Power Of Written Goals

When I first started my financial journey, I quickly realized that having a mental note of my goals wasn’t going to cut it. I needed something more tangible, something I could see, touch, and revisit whenever I needed a reminder or motivation. That’s when I discovered the power of written goals.

Writing down my goals was like creating a roadmap for my long term financial goals and journey. It gave me a clear direction and made it easier to plan my budget around these objectives. I remember taking out a fresh piece of paper and writing down what I wanted to achieve – whether it was paying off a specific debt or saving a certain amount. Seeing these goals in black and white made them feel real and attainable.

But it wasn’t just about writing them down. I placed this list on my fridge, a spot I’d visit multiple times a day. Every time I saw those written goals, I was reminded of the commitment I’d made to myself. It was a constant nudge that kept me on track, helping me see ways to stay more accountable even when temptations arose. And believe me, they did.

This simple act of writing down my goals had an incredible impact. It transformed my approach towards money management, making me more disciplined and focused on future myself.

2. Setting Realistic And Measurable Financial Goals

When it comes to financial planning, ambition is a double-edged sword. As much as it’s important to aim high, setting unrealistic goals can be a recipe for disappointment and frustration. I learned this the hard way.

In the early days of my financial journey, I would set lofty goals that sounded impressive but were often out of my reach. I remember setting a goal to double my savings in just three months. While it was an ambitious target, it simply wasn’t feasible given my income and expenses at the time. The result? I ended up feeling defeated when I couldn’t meet my own expectations.

That’s when I understood the importance of setting realistic and measurable financial goals. Instead of aiming to double my savings, I started with a more achievable target – saving 10% of my income each month. It wasn’t as grand as my previous financial goal was, but it was doable. And having a specific, quantifiable target made it easier to measure my progress and stay accountable.

Over time, as I got better at managing my finances, I gradually increased my retirement savings target. Today, I’m able to save a much larger percentage of my income, but I wouldn’t have gotten here without those initial, realistic goals.

So, when you’re setting your own financial goals, make sure they’re both achievable and measurable. Start small if you need to.

3. Using Financial Apps And Tools For Accountability

There are many resources at our fingertips to help us track progress, stay accountable, and remain motivated on our financial journey. I’ve found that utilizing financial apps and accountability tools was a game-changer for my own accountability.

In the beginning, for example, I used a simple spreadsheet to track my income, expenses, and savings. It worked well enough, but as my financial goals grew more complex, I found I needed something more sophisticated. That’s when I turned to financial apps.

There are numerous apps out there designed to assist with different aspects of financial management. Some are great for budgeting, others for tracking expenses, investing, or saving for specific goals. One app I found particularly helpful was a budgeting tool that allowed me to categorize my spending and see where my money was going each month. It was eye-opening to see how those little daily expenses added up!

Another tool I used was a savings tracker which allowed me to visualize my progress towards my financial goals. Seeing that ‘savings’ bar inch closer to my target each month was incredibly motivating. It made my goals feel tangible and kept me excited about the progress I was making.

These apps and tools didn’t just help me keep track of my finances; they helped me stay motivated and accountable to my goals. They provided a daily reminder of what I was working towards and the progress I was making.

4. Creating A Support System

Having a support system in place, whether it’s friends, family, or a financial advisor, each person can make a significant difference in achieving your financial goals.

When I started my journey towards financial independence, I was fortunate enough to have friends who were also working towards similar goals. We became each other’s accountability partners, regularly checking in with each other about our progress and offering advice or encouragement when needed. These check-ins were not just about keeping each other accountable; they also served as a source of motivation. Knowing that we were all in this together made the process less daunting and more enjoyable.

In addition to friends, I also sought the help of a financial advisor. Their expertise was invaluable in guiding me through more complex financial decisions and helping me fine-tune my strategies. They provided an objective perspective that was crucial in keeping me grounded and focused on my long-term goals, even when I was tempted to stray from my plan.

Creating a support system for your financial journey doesn’t mean you have to share every detail of your finances with others. It’s about fostering relationships with people who understand your goals and can provide the support, motivation, tips, and guidance you need to stay accountable.

5. Regular Financial Check-Ins And Reviews

Just as a car needs regular maintenance to run smoothly, your finances require regular check-ins and reviews to stay on track. These periodic assessments are vital for tracking your budget, reviewing your savings plan, and making necessary adjustments to your financial strategies.

Early in my financial journey, I underestimated the importance of these regular reviews. However, I soon realized that without them, it was all too easy to deviate from my budget or lose sight of my savings goals. To combat this, I implemented a routine for financial check-ins.

Every month, I dedicate time to review my finances. I go through my income, expenses, and savings, checking whether I’ve stayed within my budget and how much I’ve managed to save. This monthly review helps me identify any problem areas, like unexpected expenses or areas where I might be overspending. It also gives me a chance to celebrate my successes, which is a great motivational boost.

In addition to my monthly reviews, I also do a more comprehensive financial review at the end of each year. This annual review allows me to reflect on my financial progress over the past year and set goals for the year ahead.

These regular check-ins and reviews have become an essential part of my financial routine. They keep me accountable, help me stay on top of my budget, and ensure that I’m consistently moving toward my financial goals. So if you’re serious about financial success, I highly recommend implementing regular financial reviews into your routine.

6. Rewarding Myself For Meeting Milestones

Achieving financial goals is no small feat, and it’s important to acknowledge these accomplishments. One of the ways I’ve found to keep my momentum going is by rewarding myself for meeting milestones. Rewards not only make the journey more enjoyable, but they also serve as a powerful motivator to stay committed to my financial goals.

When I first started on my financial journey, I would set aside small, achievable milestones. Each time I reached one, I would reward myself with something meaningful yet budget-friendly. This could be something as simple as a favorite meal, a new book, or a day off to do something I love.

As my financial situation improved, and my goals became bigger, my rewards evolved too. I started reinvesting some of the money I saved into experiences that brought me joy, such as travel or learning a new skill. These rewards served as visual reminders of the positive impact of my financial discipline and kept me motivated to continue on my path.

However, it’s important to note that rewarding yourself doesn’t mean derailing your financial plan. The key is to plan for and spend these rewards just as you would any other expense, ensuring they fit within your budget and align with your overall financial goals.

Celebrate your financial achievements. Rewarding yourself for meeting milestones is a key part of the journey, helping to keep you motivated, focused, and excited about the progress you’re making towards your financial goals. After all, personal finance isn’t just about saving and investing—it’s also about enjoying the fruits of your hard work.


Achieving financial goals requires commitment, discipline, and a clear strategy. Throughout this journey, I’ve found several strategies that have helped me stay accountable to my financial goals. Building a support system of friends, family, and a trusted financial advisor has provided me with motivation, guidance, accountability partner and the accountability needed to stay on track. Regular financial check-ins and reviews have helped me keep a close eye on my budget, savings plan, and overall financial progress. Rewarding myself for meeting milestones has kept me motivated and made the journey enjoyable.

These strategies have been instrumental in my financial journey, and they might be beneficial for you as well. Remember, the key is consistency, and every small step counts. So whether you’re just starting out or looking to improve your financial accountability, I encourage you to implement these strategies. Stay committed to your financial goals, celebrate your achievements, and keep pushing forward. With time, patience, focus and persistence, you’ll be amazed at what you can achieve.