7 Ways to Create Awesome Accountability for Your Finances

Ways Create Awesome Accountability Your Finances

We all know we can't just do it alone 100% of the time, right?

The theory is science says that when we engage others or some outside force regarding our financial situation, we are more likely to stick to our financial goals.

Here are a few quick tips to bring more accountability into your finances:

“Accountability breeds response-ability.” Stephen R. Covey

1. Couple with Your Spouse

Odds are, no one knows your financial situation better than your spouse. Ideally, at some point you should both have met to agree upon financial goals for your family.

Since you know each others shared goals and values, it's easy to have discussions about your finances with those goals and values in mind.

Those are the conversations you should be having: “how is this helping us in our financial goals?”, “let's get back in line with our values.”

If you're having trouble finding accountability with your spouse as it relates to your finances, insist that you take a class like Dave Ramsey's Financial Peace together.

2. Enlist a Friend

If you don't have a spouse, enlist the help of a close friend. Tell them your financial hopes and dreams. Tell them your actions steps to get there. Outline milestones in the process.

Then ask them to hold you accountable to your goals. Ask them to put it on their calendar and check in with you at each of the milestones. A good friend won't mind doing this.

3. Pay for a Trusted Advisor

Contact a fee-only planner, or some type of financial coach or counselor. Set up weekly or monthly meetings with this person to review your financial situation.

Don't be scared off by the idea of a planner being some really expensive thing. There are many planners who's goal it is to work with folks just starting out or with fewer means.

4. Make Signposts

Put your financial goals on your fridge (hey, that's where I spend a lot of time). Put them on your mirror in the bathroom. Put them in your wallet taped to your credit cards.

Sometimes all we need is our own daily reminder to help hold us accountable.

One of our big financial goals right now is paying off our mortgage. I found a cool mortgage payoff printable online that I could print off and post on my fridge.

This simple piece of paper serves as a reminder to my wife and I, and everyone that comes to our house, what our big goal is. I can't wait to finish coloring in all the lines.

5. Surround Yourself with Like-minded People

– You know if you are hanging out with people who aren't in line with the goals you are trying to achieve. Find and focus on relationships that naturally lead you towards a healthy financial future.

6. Make a Wager

Put some money on the line to move you closer to your financial goals. A site like Stikk.com will help to facilitate your wager.

7. Create Systematic Reminders

If people can't motivate you, then maybe an automated system can. Create a budget, or sign up for a financial management service.

What do you use to help hold you accountable to your financial goals?

About Philip Taylor

Philip Taylor, aka "PT", is a former practicing CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of FinCon, the conference and community dedicated to helping other financial influencers and brands. He created this website back in 2007 to share his thoughts on money, hold himself accountable, and to meet others passionate about moving toward financial independence.

PT uses Personal Capital to keep track of his financial life. This free software allows him to review his net worth regularly, analyze his investments, and make decisions about his financial future.

PT keeps a portion of his emergency fund in Betterment, the automatic investing tool that makes investing super simple. Betterment focuses on what matters most: savings rate, time in the market, investing costs, and taxes. PT recommends this service to anyone looking to get started investing for themselves.

All the content on this blog is original and created or edited by PT.


  1. twentysomethingmoney says:

    I think having someone to talk to about finances really does the trick — at least then, they can ask questions, hold you accountable, and help you stay on course.

  2. 20 and Engaged says:

    I like the idea of setting up constant reminders. I have a bunch of post-it’s I can put in use. My fiance definitely knows about the situation and is willing to help.