5 Ways to Stick to Your Financial New Year’s Resolutions

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Am I the only one who can’t believe how fast 2013 has gone? It’s all a blur. But while we take the time to look back over the past year, I say the new one is just as good as time as any to set some amazing goals for yourself — ones that will benefit YOU not only in 2014, but also for years to come. Whether you pledge to pay off your student loans or stop living paycheck to paycheck and finally create a nest egg for yourself — whatever it is, here are five ways to set your financial New Year’s Resolutions and stick to them.

1. Set realistic goals

I cannot stress enough the importance of setting realistic goals. That’s not to say your goals can’t be ambitious, just make sure you give yourself enough time to realize them. You can absolutely aim to do something like pay off $10,000 worth of old credit card debt…just make sure you give yourself a reasonable amount of time to complete it. Because if you don’t give yourself adequate time to hit your desired mark, it leaves room to fall into the discouragement trap, get disappointed in yourself, and quit all together.

2. Get an accountability partner

I have plenty of friends who love swapping stories about their latest shopping scores (I do it, too), but what if you had someone to actually help you celebrate something really worthwhile — like you investing in yourself? Wouldn’t that be great? So pick a friend and get started — one who will not only be happy for you when you start checking things off your list, but one who will also give you a little tough love if you start to lose your way.

3. Revisit the goal often

You can’t expect to stay excited about something that you don’t keep in the forefront of your thoughts — after all…out of site, out of mind. Right? So, I suggest revisiting your goals at LEAST once a week (if not more) to make sure you are staying on financial track.

4. Celebrate the small victories along the way

If getting your financial life in order is something that’s relatively new for you, it may not come easily and will take effort and discipline. So, once you start hitting your milestones take time to appreciate how hard you’ve worked and be sure to treat yourself to something small along the way to celebrate and reward yourself for your dedication.

5. Earmark certain funds

Work a few extra hours, sell some stuff on eBay that you haven’t been using — just do something drastic to jump start your financial goals. Whatever you do, once you set the plan in place to get some extra cash, be sure to earmark it to put toward your goal and don’t deviate from that plan.

By Brandhyze Stanley via http://finance.yahoo.com/news/5-ways-stick-financial-resolutions-140006863.html

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