No, I’m not here to nag you! It’s your life and your money, and you should use it as you see fit. But … if there is something you really wanted to accomplish, and you haven’t made progress yet, then now is a great time to revisit the goal and come up with a strategy that will help you move forward!
One great starting place is to break down your goal into small steps so that you have something concrete you can accomplish each day or each week. An example:
Suppose your goal is to pay off an $800 hospital bill. You don’t have $800 sitting around, so it seems impossible.
To break it into small steps, you might decide to pay $100/month.
- You could break that down even further by saying that you will take $25 from each weekly paycheck.
- Or you might decide to take $70 from your paycheck the third week of the month (because you don’t have many bills due that week), and $10 from all the other paychecks.
- You might go a step further and say that the way your going to come up with $10/week is by staying away from the vending machines at work. Or perhaps you’re going to save $25/week by taking your lunch to work.
Another key to reaching a goal is to be convinced of its importance. Reaching any financial goal requires making some type of change. We humans are generally unwilling to change unless it is for a really good reason. So spend some time focusing on WHY you set that goal. Are you truly “sold” on the goal? If yes, that will make it much easier to accomplish; any time you’re inclined to stray from your plan, you can remind yourself of the “why” behind your goal.
If, on the other hand, you are not fully “sold” on the importance of the goal, you may have difficulty accomplishing it. Perhaps it is not the right goal for you. Or … if you know in your head that it’s a valuable goal, you may want to spend some time convincing your heart of its importance — outline all the reasons why your brain knows this is important, or make a list of all the good things that will result from it.
These are not the only ways to be successful in reaching a goal, but in my experience they help a lot. Set goals that are important to you, and identify small steps that will move you closer to the goal!
Best wishes with your new New Year’s resolutions!