American Crisis Report

Strategies for Achieving Financial Goals in 2023

As we enter 2023, many of us are looking for ways to improve our finances. Whether you are struggling with debt, trying to save more, or looking to invest, there are various strategies that can help you reach your financial goals.[0]

When setting your financial targets, it is important to make sure that they are realistic and achievable.[1] For example, if your annual salary is $35,000, your goal to pay off $50,000 of debt in one year may not be achievable.[1] Make it a goal to use a portion of your monthly earnings to pay off debt.[1]

It is also important to budget your money and assess your finances.[2] This will help you strategize ways to save and make smart decisions about your spending habits. Additionally, you should establish an emergency fund that contains three to six months of living expenses.[3] In the event of a temporary loss of income, having an adequate amount of money to cover your basic needs until your income is back to normal is essential.[1]

One of the most effective ways to save money is to find the best savings account for you.[4] You can also maximize your retirement savings by increasing your retirement plan contributions by a percent.[5] Furthermore, if you are eligible to make deductible contributions to an IRA, you can save on 2022 taxes by contributing by April 18, 2023.[6]

If you are trying to pay off debt, you may be able to eliminate the debt sooner by decreasing the annual percentage rate (APR).[3] You can also transfer an existing card balance to a new credit card with a 0% intro APR period and make payments without being charged interest for a limited period of time.[4]

Finally, it is important to break the habit of overspending and impulse-shopping.[7] Identify the triggers that started the overspending in the first place and put a plan in place to overcome those triggers next time they arise.[7]

By following these strategies, it is possible to get closer to your financial goals in 2023.[8] With a little dedication and effort, you can have a better financial future.

0. “4 Personal Finance Strategies for 2023” TechRound, 26 Jan. 2023,

1. “Financial Goal Examples for the New Year” AOL, 25 Jan. 2023,

2. “5 ways to start fresh financially in 2023” KPNX, 21 Jan. 2023,

3. “Here’s your early 2023 checklist – Inside INdiana Business” Inside INdiana Business, 30 Jan. 2023,

4. “3 strategies to help give your finances a much-needed reboot this year, according to a financial expert” CNBC, 26 Jan. 2023,

5. “Six financial resolutions for 2023 |”, 26 Jan. 2023,

6. “A Financial Review in Early 2023 Can Optimize Your Strategy” Kiplinger’s Personal Finance, 26 Jan. 2023,

7. “Start fresh financially in 2023: Overcoming holiday overspending | Editorials |” citysuntimes, 25 Jan. 2023,

8. “10 Ways To Meet Your Savings Resolutions In 2023”, 24 Jan. 2023,

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