When a new year arrives, everyone makes their resolutions and claims they will never break them. In reality, many people break their resolutions, but why is that? One of the biggest reasons we don’t stick to our resolutions is that we over-commit by making our resolutions unrealistic. Remember, when making your resolutions this year, you want them to be reasonable enough that you can actually stay true to them.
4 Tips To To Help You Keep Your Financial Resolutions:
1. Come Up With A Specific Plan
Sit down and really think about what you want to achieve and how you can achieve it. Whether it’s fitness or financial goals, it all starts with a strategic plan. Set clear goals and a timeline for how you are going to achieve them. Starting with a plan helps hold you accountable.
2. Enjoy The Process
Who said that sticking to your resolutions had to be unenjoyable? Make it fun to stick to your plan! Find others to join you in your resolutions and make it an activity. Find friends to go to the gym with you or to make budget sheets together to help you stay true to your resolutions. Keep in mind your goals and why you chose your resolutions in the first place!
3. Track Your Progress
If you don’t keep up with how you are doing with your resolutions, you’ll likely lose touch with them and fall off the wagon. Keep a journal of how well you are doing with your resolutions. Not only will this help you reflect on how you have been feeling about your resolutions, but it will always help you hold yourself accountable.
4. Look For Support
Find a few trustworthy friends and family members that can help by holding you accountable. This is an essential part of keeping your resolutions. If friends and family see that you are struggling to stay true to your resolutions, they can interfere and help you get back on track so that you can achieve your goals.
Despite popular belief, keeping your resolutions is possible. If you commit to sticking to them, you can do it! You’ll be surprised how easy it is to stick to them if you set up a strategic plan, make it fun, track how well you are doing, and find support with friends and family. Make this the first year that you prove to yourself that you can do it. Go to the gym as much as you said you would. Save as much as you claimed you would. Go do it! You’ll thank yourself later for sticking with it.
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Storybook Financial is a financial planning firm determined to help those that believe in the betterment of the world around them. As a fiduciary, our service promotes unbiased financial planning with an emphasis on young medical professionals and their families. We are constantly pushing for new ways to give back to the Cystic Fibrosis community. We are based out of Iowa City | Coralville Iowa, but we serve clients nationwide with our robust virtual presence. This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.