January is an inspired time of year! This is when people see the brightest possible futures for themselves. Suddenly, dreams seem reachable and worth working for. We believe you should base your financial planning on your dreams, so what better time to set your financial life up than right now?
We can help you determine what you really want out of your personal wealth. We can help you make a plan to get your money moving and working for you. After that, you’re going to have to stick to the plan.
Tips for Sticking to Financial Resolutions in 2017
Re-plan every month
Revisit your plan every month to make sure it still fits. Have you gotten some extra money? Is an investment plan not going as well as you’d predicted? Reexamining your plan monthly not only allows you to confirm things are going as planned, but also keeps you motivated with renewed vigor each month.
Break down the big goals
Saving $17,000 in a year looks like a huge, intimidating goal. However, if you split it up into monthly or weekly amounts to put aside, it becomes much more manageable. Checking off small tasks that are part of a larger goal is much more satisfying than trying to work a whole year to check off a single goal.
When you accomplish small parts of a large goal, you make missing the mark more of a success than a failure. Instead of failing to save $17,000, you were able to save $1,000 a month. It may not have been your original goal, but it’s still a win!
Automate as much as possible
Prosperity economics isn’t as simple as transferring money into a savings account and hoping it ends up being enough. Because of that, setting up an automatic transfer into your savings each pay period won’t meet all your goals. However, it can help.
Automate everything you can to work toward your financial freedom goals. If the money is moved out of your checking account right away, you never see it, nor do you miss it. You never have the option to use it for something else and miss your financial goal.
Seek Out Our Support
When making the goals is just as intimidating as sticking to them, getting started is not likely to happen. Let the private wealth advisors at Alpha Omega Wealth get you started making spending and investing goals for the year. We will find a plan that works for you and your dreams and help you remain motivated throughout the year!