Kumari Palany & Co

New Year Resolutions: Income tips

Posted on: 29/Dec/2017 3:45:40 PM
Many of us enter into a new year expecting to transform our lives, but year after year find nothing has changed.  While high expectations are great, we also want to make sure they are achievable, especially when it comes to resolutions involving your finances.

Let’s say, for example, your resolution is to spend less money. That is great! But by just simply saying you are going to spend less is not committing you to anything. You need to decide how much less you want to spend and how you are going to do that. By determining an amount and devising a plan, you are putting yourself in a better position to achieve your goal.

Sharing your goals with others is a great way to feel accountable for your goals. It will motivate you to want to succeed. Financial goals are often a private topic, so if you are not one to want to make a public announcement to all of your Facebook friends, keep it intimate and just share with your significant other, close friend or family member. If you both have a resolution, you can work together to keep each other on track.

Do not lose sight of your goals just because your plan derailed. You must adapt, restructure and remain focused.