For all of us, resolutions are hard to uphold, especially if it requires us to change many of our daily habits and routine. Financial resolutions also fall into that category. Considering the trend of broken resolutions, we have compiled five best strategies for keeping your New Year financial dreams alive.
1. Manage Your Personal Finances
Start today and make your resolution a success. All good resolutions require actionable steps and must be taken now. The further time you set down the road, the harder it becomes to succeed. Start by making better spending choices and spend some time learning about managing your personal finances. Step one recap: make “personal finance” your daily goal.
2. Make a List of Concise and Realistic Goals
Mount a whiteboard in your living room and write a brief four-to-five word description of the daily task or tasks that you are trying to achieve. At the start of your day, take a long look at the tasks and at the end of the day, if you succeeded that job, put an X after it.
At the end of your day, take a step back and see what you have accomplished. Hopefully you met your goals and you should be proud of yourself. If not, try again the next day and put more effort into achieving your goals. Seeing the final results of your hard work will strongly motivate you for the days ahead.
3. Actively Seek New Avenues for Fun and Happiness
Many financial resolutions often mean cutting back on activities that you find pleasurable and fun. When you cut back on some activities, you may feel resentful of those changes. Change your way of thinking. Instead of thinking that you will be losing out on something, add something new to your life. There are many activities that do not cost money that can bring joy and happiness. After a while, with the many positive benefits, you may notice that you may not miss the expensive activities at all.
4. Make Friends With Financially Responsible People
Seek friendship with someone who makes financially responsible choices. Discover things they love doing and make an effort to get to know them and mimic their financial choices and goals. Jim Rohn, the late business philosopher, once said: “You are the average of your five closest friends.” It is important your new friends make smart choices and by following their lead, you will make smart choices too.
5. Dream Big
Remember, you’re not going to be inspired by your daily grocery list but you should have big dreams. Think about the idea of being debt free or purchasing your dream home. Big goals inspire you so start focusing on them now!
Put reminders everywhere. Make a note in your smartphone or on your bathroom mirror so you have daily, constant reminders.
Applying these financial strategies in your daily routine will make you more successful than you ever thought possible!
If you have any questions related to your financial goals, please contact at United Financial Counselors. We provide a range of financial services such as first-time homebuyer counseling, credit counseling, budget counseling, foreclosure prevention counseling, and pre & post-bankruptcy counseling.
If you are interested in any of our services, please click the ‘Contact Us Now’ form and fill the required fields and a counselor will contact you shortly.