It’s ok. No, really it is. I know that each year you make a resolution but somehow you manage to break it. Most people do.
I know I do.
The New Year is always filled with so much excitement! This is the year you are going to become the person you’ve always wanted to be and you’re finally going to get your finances together. Creating goals and following through is the way to become successful. But if you’re a commitment phobe, keeping that New Year’s resolution might not be so easy. I’ve got some great ways to keep resolutions for those of us who are commitment phobes.
This may be the hardest step but if you organize before the New Year, starting your resolutions will be that much easier. Getting organized is as easy as making a list of your top priorities for your finances next year. Do you want to begin a retirement savings account or learn more about the markets? Making a list will put you one step closer. Think about your primary goal. Sometimes it’s best to start with just one goal. Then begin to break that goal into mini check points.
Do you want to learn more about investing? How about setting a calendar reminder to attend that free investing course you noticed online?
Getting organized can mean the difference between success and failure when it comes to your New Years resolutions.
Reaching your financial goals is more of a journey than a sprint. Building wealth takes time and effort. An easy way to stick with a resolution to invest is to make your investing automatic. Set up a monthly or bi-weekly contribution to your investing account. This way, you don’t have to remember to invest, you can automatically have your money working for you after each paycheck.
Automatic contributions do more than just grow your investing account. They help set your goal into a habit. Habits are much harder to break than resolutions.
A major reason that commitment phobes break New Year’s resolutions, is because sometimes, we simply forget. That’s why I recommend creating a vision board to keep you on top of your goals. Every time you look at your vision board you will be reminded of the promises you made to yourself and you will continue working toward those goals. If you have not yet created a vision board, take the time to make one. Visualize your goals and clip photos that help remind you. Keeping an eye on your goals, literally, will help keep you on track.
How will you maintain your New Year’s resolutions?
If you’re waiting for a sign that it’s time to make a change, consider this it. Money Therapy may be just what you need to break through your financial blocks and release your money guilt and shame.