Don’t make resolutions

By Jane Drake, MoneyWorks Manager

With the start of the new year, it is inevitable you will read and hear lots of advice and tips on making resolutions. Try this tip: don’t.

According to the Journal of Clinical Psychology only 8% of people are successful in achieving their resolutions. Instead of making resolutions, try a different tactic that will be more likely to help you be happier and more successful. Try what we tell our MoneyWorks clients: change your thinking.

Don’t think you have to be on a diet to lose weight. You know you tried diets before, and they failed. You don’t like having to deny yourself foods you enjoy. Instead, go on an eating plan. It is not about denying yourself all the sweet and gooey, or crisp and salty calorie-laden foods you love. Think of it as having all the delicious and wonderfully healthy foods you want!

In the same way, we advise many of our clients who are working on achieving financial goals, they should not think they have to be on a budget. Many of our clients tell us that they tried keeping a budget but just couldn’t do it. Just as with a diet, they didn’t like that they had to deny themselves something in order to stick with it.

Change your thinking. Instead, of a budget, adopt a spending plan. It is not about denying yourself that new article of clothing, the shiny new toy, or the latest phone upgrade. It is not about not buying what you want with the money you worked so hard to earn. Think of it as taking control of your money so it will no longer be a source of stress to you. Think of it as a wonderful tool to open new possibilities, help you reach your short and long-term goals, and create greater security for you and your family. We can show you how!

We also tell our MoneyWorks clients that nothing happens if you don’t first dream it and then commit to it on paper. Studies show that goals are more likely to be achieved if they are written down. So don’t make a resolution this year. Try a new approach: change your thinking, dream big, and be sure to write it down.

If you would like assistance with spending plans, debt deduction, or saving goals … with free, one-on-one assistance, please contact MoneyWorks directly at financialaction@goodwillwm.org.

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