We all know the problem with setting new year resolutions – we lose patience, life gets in the way, and by the end of January, all of our ambitious plans are a distant memory.  The issue for most of us is that they’re often about what you think you should do rather than exploring things that you want.  Therefore, we quickly lose motivation as we don’t buy into the goals that we set.

Usually, our resolutions focus on the endpoint, for example, “I want to have more savings”, but we rarely spend time on establishing how we achieve our goals.  Instead, abandon the resolutions and make confident choices based on what matters to you…….

One thing at a time

“New year, new you” is a statement often used to get us to buy into the idea of resolutions.  However, overhauling your financial life on January 1st is not achievable (unless you have a wonderfully mapped out plan).  With so many factors that can impact on your financial objectives, pick one goal at a time. Instead of saying you want to “cut your spending” break this down into achievable monthly smaller goals.  For example, in January, I will research and swap to a cheaper utility/ broadband/phone provider.  This way, you are more likely to see success which will drive you on.

Willpower required

To make sustainable, lasting financial improvements, you must be prepared to put in the work.  Be proactive, take control and dig deep.  It’s hard to maintain motivation when we don’t see positive results quickly.  Yet another reason for setting yourself small, achievable targets helping you to work towards bigger goals.

Expectations are key

If you want to become debt-free, be prepared for it to take longer than you expect.  There will be bumps in the road, expenses that you haven’t taken into account and unplanned events that will mean you can’t always keep a focus on your goals.  

Setbacks?  So what…

Acknowledge things will go wrong with your plans and that’s fine.  Don’t beat yourself up about it.  Dust yourself off and crack on.  In fact, we learn better when we make mistakes or make the odd wrong decision.  Remember it’s not the end of the world…


Enjoy the journey

If you think that you’re never going to achieve your financial goals and that good financial health does not happen to people like you; chances are you won’t be successful.  Turn your negative thoughts into a much more positive mindset.  Tell yourself you can do it.  The most fun thing about working towards something is the journey itself. Facing a challenge means you’re growing and maybe even having some fun (secretly) doing it.