[A053] Winning at Money: Slay Your New Year's Resolutions

Do you set New Year’s resolutions?

If so, there is a good chance that you are setting at least one financial resolution. The third most popular resolution is some variant of “spend less and save more.”

Unfortunately, no matter how devoted you are to better managing your money in the coming year, there is a good chance your money resolution will be abandoned sooner than you planned.

Why is that? Why do we set money New Year’s resolutions that fail? In this episode, we look at New Year’s resolutions, finances, and how you can take your money goals to the next level in the coming year.

Concepts

• Are you setting resolutions, or just making a laundry list of wishes?
• Do you have unrealistic expectations for your New Year's resolutions?
• Problems with getting your goals to align with your values.
• Tips for changing your goal-setting strategy.
• Consider creating processes that can help you achieve more.
• What money New Year's resolutions can work for you.
• How to stop making resolutions only once per year and work on improvement year-round.
• Tips for figuring out a realistic timeframe for your money resolutions.

Use the "do nows" to start putting together a realistic action plan that can help you make the most of your New Year's resolutions and money goals. Also, find out our plans for getting to the point where it's possible to max out your retirement savings.

Resources