Make your new year's financial resolutions stick

by Marie Kegel | January 22, 2018

The New Year is an opportunity reflect on the past and set goals for the future. For many of us, our New Year’s resolutions will include financial goals like paying off credit card debt, building emergency savings, or improving our credit scores. But knowing where to begin and how to make the lasting behavior changes needed to achieve those goals can be daunting! Taking advantage of FREE financial coaching could be your key to sticking with your resolutions. A financial coach can help you realize your goals by working with you to:

• Set SMART goals. New Year’s resolutions are all about goal-setting, but not all goals are created equal. SMART goals are specific, measurable, achievable, realistic, and time-bound. The SMART goal model brings structure to your resolution by creating a clear path to success with explicit milestones and by taking account of the goal’s overall attainability.
• Track progress. Creating a feedback loop to evaluate how you are doing is imperative to sticking with your resolutions. Tracking your progress reinforces effective behaviors, helps you recognize and celebrate your successes, and keeps you motivated to stay the course. It also holds you accountable when you aren’t progressing as planned so that you can re-evaluate your strategies.
• Set up automated systems. In today’s digital age, there’s no reason not to take advantage of tools that can do much of the hard work for you! When automated systems are in place, you may find yourself having an easier time realizing your goals, especially if your motivation starts to wane.

Contact us to connect with a counselor and get a jump start on your financial resolutions!