Try This Tip to Stick to Financial Resolutions

Make it Fun - and Manageable

It’s everyone’s favorite time of year. Time for renewal. Time to start over. New Year New You!! How many people do you know who drink and eat excessively all through the holidays, then, guilt-racked by their overindulgence, come up with grand plans to turn things around completely starting January 1st. THIS will be the year I finally clean up my diet, pay off my debt and give up throwing tomato sauce at my friends through the window as I drive by they say.

(Ok, maybe that last one refers only to one specific person. A person whom I will never forgive!)

You don’t need me to tell you what happens next.  After brown bagging their lunch for the first week back in the office, they splurge and blow all the money saved on lunch (and more) by drinking it away with dinner and Sunday Funday! over the first weekend.

People fail their resolutions. They fail them hardcore. Something like 97% of resolutions fail. They fail for a variety of reasons, but one of the biggest is that people set these pie in the sky goals without any plan in place to make the goal happen.

That’s not a recipe for a New You. That’s a recipe for disaster. In fact, unrealistic optimism is a recipe for feeling miserable! (more…)