Making financial resolutions may not be at the top of everyone's list but for those whose are, making and keeping them is incredibly rewarding. Like any exercise program becoming financially fit takes discipline. Here are a number of ways that can help you keep these resolutions:
1.Try to find a friend or family member that will go through the same program as you or someone who can encourage you to achieve your goals.
2.Gather and organize all your finances such as group pension plans, recent tax returns, investments etc. It may also help to automate everything by using online financial planning tools that allows you to keep track of all your expenditures.
3.Talk to a financial advisor. By looking at your overall financial picture, an advisor can help you put realistic steps in place that can reduce the interest costs you pay and can create an accelerated debt repayment plan.
4.Set realistic but specific goals that will help you stay motivated. Try opening a new savings account and set up an automatic withdrawal and deposit a reasonable amount every month. Seeing these savings steadily grow might encourage you to increase your monthly deposits.
5.Keep future goals such as retirement or perhaps a dream vacation in sight. The small contributions you make now will make it easier to achieve these future goals. One way to remind yourself of these future goals is to have a scrap book or bulletin board with pictures or notes that list the things that are on your bucket list.
6.Reward yourself. Don't make this a painful exercise. Treat yourself to something inexpensive from time to time.
7.Once you have a plan in place, stick to it.
From paying down your debt to making wise financial decisions, the library has books, ebooks and audio visual material that can help you keep your financial resolutions: