Every year, about 40% of adults in America set at least one resolution that they hope will change their life in some way. However, after about six months, nearly 60% of those people have already given up. So, how do you achieve your New Year’s resolutions? You follow these four steps.
- Focus on actions. Instead of thinking, “I want to lose 20 pounds,” focus on working to be healthier by watching what you eat and planning workouts.
- Make realistic goals. While we all have an ideal image of what we would like to be in our minds, it is unrealistic for most people. Set a goal that you can actually reach. So, plan to save $100 a month instead of $500, for example.
- Think positively. Have a positive outlook for your goals. In addition, have a plan for certain obstacles. Like, if you are trying to save money, when your friends ask you to go out, invite them to a potluck at your house instead.
- Get support. Talk to friends and family about your goals. You might find others with similar resolutions. You can work together to motivate each other and get some accountability.
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It’s a month into 2017. No big deal! You still have plenty of time to set a goal for yourself. If you’d like to keep better track of your spending, consider these great money-saving tips for achieving a savings goal.
Set a savings goal
Think of how much money you’d like to have set aside for a savings account, and then do it! Be realistic about it, though.
Choose your bank wisely
When choosing where to keep your money, make sure you research things like interest, fees, and minimum balances. Every bit of interest counts in the long run.
Track your monthly spending and set a budget
Lots of people jump straight to the “setting a budget” part, but many find it helpful to keep track of your spending via a money diary first. It will help you see what areas of your life you spend the most money on, and help you decide what to prioritize.
Invest in good credit cards with awesome loyalty programs, and make sure to check places you shop for sales, coupons, and other discount programs.
Track your progress
On your way to your savings goal, you should mark milestones throughout your journey and allow yourself a few rewards here and there. Pick a day once a week to look at your records to track your progress.
Use these great money-saving tips to get smarter about spending and have a better, more financially productive year than ever!