As we say goodbye to an old year and welcome a shiny new year, many people are making personal finance resolutions. I’m not really a fan of calling them resolutions, because I look at them as goals that you will be working towards. The best approach to making your personal finance resolutions stick is look at them as SMART goals.
If you’ve had a rough year, then I’m imagining that your personal finance resolutions will be geared towards making the upcoming year a lot better. If you’ve had a good year, then you may be planning on finding ways to make the New Year a lot better and to duplicate and multiply your results.
Wise Bread reports that 88% of new year resolutions fail and this may be caused because they are not specific enough. If you have the goals in mind, these steps may help you to get where you want to be this year.
They key to achieve the personal finance resolutions is to stick with them. US News explains that although some goals require the assistance of licensed professional advisors, there are some steps that you can take on your own.
I’m planning for a better financial year than last year. If you’re with me and fiercely committed to the task at hand, that you’ve already given yourself a better chance to succeed.
Just the other day, we were talking about last minute Christmas shopping and now we’re in the new year! If time caught up to you faster than you expected, you can get started with these personal finance resolutions.
If you have not started making a list of personal finance goals, there is still time. These personal finance resolution suggestion will make you think in depth about your finances in the short term and the long term.
At the beginning of each new year, we are excited to create resolutions. However, as the month tick by, the excitement falls off and old habits surface. If this happens to you, these 6 tips may help you to stay on track this year.
For your personal finance goals, you should aim to set resolutions that will help those goals become reality. Remember, your goals do not have to be elaborate – practical is the smarter choice.
Year after year, people resolve to lose weight, eat healthy, stop swearing. But this year, put your finances at the forefront and make yourself accountable with these personal finance resolutions.
Entrepreneur notes that many people see the new year as a trigger that initiates new financial behaviours and patterns. Utilise these five tips to make your new behaviours and patterns stick past the first few months of the year.
When I was younger, I used to believe that resolutions were these special wishes that were supposed to be elaborate and fancy. Now I know that they are goals which are more effective and likely to be achieved if they are SMART (specific, measurable, attainable, realistic and time bound).
What are your personal finance resolutions for this year?