When the new year ball drops, it is the perfect time to turn a new page. The new year can be exciting, yielding opportunities to restart with a clean slate for fresh goals. Personal and fiscal reflection helps you assess where you stand in your shoes to set your resolutions in motion. As you begin to draft your resolutions list, the Common Trust team is offering some tips to kick off a great 2022 and keep you on track to stick to your resolutions.

Limit Your Resolutions List

Typically, humans tend to be harder on ourselves than we need to be. You might have a long list of resolutions, but be kind to yourself and focus on only a few so you do not overwhelm yourself. Self-care is important in reflection, so be sure to cut yourself some slack. Consider starting with a small, actionable goal so you can get into the goal-achieving mode.

Choose a Specific Goal

Many people often set lofty resolutions at the turn of the new year, and this practice makes some bite off more than they can chew. However, it also presents great opportunities to grow and overcome any struggles with sticking to goals.  Setting your mind on one specific, realistic goal helps craft a concrete plan to achieve that goal. For example, if your goal is to exercise more, create an actionable plan and create daily calendar reminders to go for a walk or go to the gym.  Achieving a small goal boosts your self-esteem and helps you tackle things more easily.  If you have a big goal, consider breaking it into manageable pieces and take one thing at a time.

Change up your Resolutions

If you find yourself stuck on one resolution year after year, chances are you have it in your mind you cannot stick to that goal and may mean that you will likely abandon it. So if your resolution in years past was to lose weight, for example, change it to something like just eating more vegetables per week to retrain your mind to embrace a different version of your goal. 

Plan, Plan, Plan

Whatever your goal might be, you need to plan to achieve it – just the thought of an idea won’t be enough. Creating a detailed plan and even using your phone for reminders, tracking progress, etc. will help you manage how you will achieve your goal. Working on a goal without a plan creates a higher risk of giving up if an obstacle arises.

The Buddy System

More often than not, a goal with a friend or family member means you’ll be even more motivated to achieve that goal. Connect with a friend or loved one to see if you both share the same goals and create a method to keep one another accountable. If you make it fun or like a game, you may even find yourself enjoying motivating the other, which means you’ll be more likely to adhere to the plan.

Set One Financial Resolution 

We recommend making one small economic goal that improves your financial well-being when creating your list. Even making one adjustment to your finances means you can put money towards something that makes you feel good– like travel or giving to a charity. Pennies turn into pounds quickly, you will find, and making a financial modification will help you allocate money towards something you love. 

When challenging yourself to change the tides, remember that taking on too much is usually the very reason New Year’s resolutions can fail. Be kind to yourself and create realistic steps to get into the right mindset to create the change you seek. 

As always, Common Trust is available to help you with any of your own personal financial goals. Happy New Year, and we look forward to helping you make 2022 your brightest year yet.