Improve Your Odds of Keeping 2012 Financial Resolutions

With the New Year just beginning, why not make it your most productive year yet! Below are a number of tips that can help you become more productive in your life and with your finances.

  • Make a Do-Not-Do List – Instead of an average to do list, create a list that says what you will not do. It can be for the day, week, month, or year, but it helps you stay in line. This is a mental break from your To-Do list and can be used for your finances as well. An example would be, “do not splurge on anything without discussing it with my significant other,” or “do not purchase a special coffee today.”
  • Be Specific When Setting Goals – The more specific you are about what you want to do, the more likely it is that you will stay committed. For example, saying you simply want to save money this year is vague. If you say, “I want to save an extra $50 a month,” that is a clear and obtainable goal.
  • Organize Your Days by a Theme – This is an idea to help you stay focused and organized each workday. When it comes to your finances, pick a day such a Monday, to pay your bills. On Tuesdays, balance your checkbook, and so on. Be creative and leave a few days with no plans to be spontaneous!
  • Write Down Your Wins – Whether they are big or small, write down your accomplishments for the day or week. If you have been working hard for a raise, write down the detailed facts to help you make your case when the time comes. Keep these handy in your smart phone, Excel worksheet, or plain notebook. It will keep you motivated throughout the year!

Do you have any other tips to keep you motivated this year? We would love to hear them!

Advertisements

5 Comments Add yours

  1. Young.Lee. says:

    I think this article does not say special thing but just pretty popular ways to save money. However, no one can deny it is really difficult to keep those kinds of resoultions in ther mind.

  2. Kyle G. says:

    Financial goal setting, in my opinion, is a very good tool to stay on track with your financial condition. Knowing what it is you want and where you want to go will help you actually DO the things you want to. For instance, setting aside money for that vacation you’ve been waiting for, new shoes/clothes etc. By doing these simple tasks will keep you on pace and satisfied!

  3. Angela E. says:

    Upon reading this article, there were two things that very much stood out to me. The first was the “Do-Not-Do-List”. I found this very interesting, as I’ve never heard of such an idea. I think this would be very helpful and possibly even more effective than a To-Do List. I often find myself making To-do lists and never seeing them through, but I know when I tell myself not to do something, It is much easier to follow through with. Also, the second thing that stood out was writing down your wins. This would help improve self-esteem by seeing what has been accomplished in order to help prove yourself in time of need.

  4. Elizabeth says:

    Often articles about setting resolutions or goals are repetitive, but I found most of the ideas in this piece to be new and creative. I think that creating a “Do-Not-Do List” would actually be more effective for a lot of financial situations than would a regular to-do list. It is often easier to say you are not going to purchase something for a day or week than it is to say you are going to set aside a certain amount of money each month or year. I also like the idea of organizing your days by a certain theme. I think this idea would not only work for financial tasks, but for household chores and potentially class assignments for those of us still in school. Breaking up assignments into days and creating a pattern for yourself makes tasks seem less overwhelming.

  5. Jennifer says:

    This article brought in some new thoughts for me as well as refreshing my memory on things we should all be doing. I have never thought about making a do not do list. That idea is very interesting to me and I am currently making a list for myself now. Finances are never really fun but we have to keep things on track so we don’t end up in a bind in the end.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s