With the most expensive of the month upon us, are you financially prepared? December becomes the month where people reflect back on the year and see how things went for them and where they can improve, and money/finances are often a big part of those conversations. Did you make a financial New Years resolution last year? If so, were you able to stick to it?
A lot of people lose sight of their New Years resolutions quite early. According to the New York Times, more than half of all resolutions fail, but this year, they don’t have to be yours. We want you to hold yourself accountable! And the best way to do that and see change see change is to start off with a realistic resolution that is achievable and build from there. And once you have a goal in mind do a check in with yourself every 60-90 days, especially if those goals involve money.
So what are some of the financial goals we heard about this year?
- Start/build an emergency fund
- Pay off credit card debt
- Create a budget
- Manage household expenses
- Find different ways to “treat yourself”
- Determine needs vs wants
- Becoming a more savvy shopper
- Track daily expenses
- Monitor your credit score
- Monthly savings challenge
- Learn to invest
As you can see, there are numerous goals you took on during 2017. And because these goals are so specific you are able to see tangible results from them. And when you’ve accomplished one, there’s nothing stopping you from taking on another? That’s what the new year is for, whether that is to get into a new habit or break a bad one as long as you’re following through on them is considered a success.
Money is something everyone deals with, but it is setting those financial priorities to ensure that you are making the most of your money. This is why money-related New Year’s resolutions work so well!
So if you set out any financial goals for this year, we want to hear how you stuck to them in the comment section below.