With the New Year comes an opportunity for resolutions. Many of us make resolutions at this
time of year.
Unfortunately, sometime during the New Year we tend to abandon or forget those resolutions.
Two of the most popular New Years resolutions are to save money and get out of debt. Two of
the most popular resolutions to be broken during the New Year will be saving and getting out of
debt. Don’t let that statistic be you!
When a resolution is made to lose weight, eat more healthy or exercise more, there are concrete
steps you can take to make good on the resolution – gym membership, personal trainer, exercise
class, nutrition club subscription, etc. And thanks to modern technology, you can monitor your
progress down to the minute. Results are measurable almost immediate because you can calculate
how much you exercise, what your nutrition intake is, and see weight coming off within a week
or two.
What steps are you taking to ensure your financial resolutions can be achieved?
Unfortunately, addressing financial matters is not as easy as diet and exercise, and results are not
usually immediate. For that reason, it’s easy to get sidetracked more quickly, and becoming
sidetracked or distracted is a leading cause of broken resolutions.
Very often, we put their efforts into what we think will yield the best results, but later become
discouraged at disappointing results and give up. Or we will soon find that our goals are not
attainable and abandon any effort to keep the resolutions.
Now that you know it’s easy to break resolutions about budgeting and saving, you can take steps
to ensure success.
R. Joseph Ritter, Jr. CFP® EA is the Executive Director of Zacchaeus Financial Counseling,
Inc., a 501(c)(3) non-profit organization based in Lake Junaluska, NC which specializes in tax
services and financial counseling and planning for low and middle income households.