Reasons You Constantly Miss Your Financial Goals

Image by Jerzy Górecki from Pixabay

Let’s assume you are trying to reduce your spending and save money. However, month after month you continue to spend more than you save. In fact, your financial position this month is worse than it was last month.

Why are you unable to manage your spending and start saving so you aren’t always behind every month?

Most of the time, there are three reasons for constantly missing your goal. Typically, you are:

  1. Lacking the right type of motivation
  2. Not consistent
  3. Setting yourself up for failure


You don’t have a specific goal. Lets look at an example comparing a fuzzy goal against a specific goal:

Fuzzy Goal
You want to spend less and start saving some money.

Specific Goal
You want to spend $250 less each month and put that $250 into a savings account to establish your Emergency Fund.

As you can see, this specific goal is clear and can be easily tracked. It is measurable so you always know if your actions will allow you to meet your goal.


The underlying problem is that you haven’t replaced your habit of spending with the habit of saving. That’s all it is … replacing an undesirable habit for a beneficial habit that will reduce the stress in your life.

Setting Yourself Up for Failure

Let’s say that can’t seem to bridle the money you spend on new clothes. You break that habit by not going to the mall or your favorite boutique every week. You might want to limit your clothes shopping to once a month. You may also want to consider shopping at consignment shops or upscale thrift stores. You’ll save money and the money you save can be deposited to your Emergency Fund bank account. Hence, you will be spending less and saving money for a future need.

The simple truth is that only you can determine the ways you can spend less and save more and those must be based on your lifestyle and goals.

In addition to what is stated above, you also need to track your expenses and develop a monthly budget. If you aren’t currently using a budget, the following articles will give you some ideas on what and how to do it:

WordPress bloggers offer a ton of valuable information on budgeting and managing your money by following the tags below:

  • Budget
  • Saving Money
  • Personal Finance
  • Frugal
  • Thrift

“Many people lack discipline when it comes to saving money. What good is having a bunch of stuff if you’re struggling, in debt, or broke most of the time? So many people put up a front like they’ve got it going on, but they know the truth. They spend all of their money trying to look important, and/or keep up an image. Knowledge is everything! Educate yourself about money, investing, and saving. I encourage you to start investing in yourself instead of things! Set yourself up for a better future and start making better choices. Building wealth takes time! Have discipline. Save. Stay consistent. Be brave enough to change your spending habits. Be wise! Don’t allow money to control you. Strive to have a healthy relationship with money!”
Stephanie Lahart

Top of page

Published by W. M. Brown

I am a retired U.S. expat living in Ecuador. I was a business owner for 32 years before retiring in 2012.

5 thoughts on “Reasons You Constantly Miss Your Financial Goals

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: