Personal finance resolutions are great in theory but you need to stay committed to them in order to make them a real thing.  We are full force into the New Year and you are hopefully sticking to your personal finance goals thus far.  With that being said, we all know studies have shown how quickly we lose traction with these types of goals.  In January of every year, nearly everyone reflects on what they’d like to achieve in the New Year. While some people would like to lose weight, others have goals to pay off debt or save for a dream vacation.

In this article, we’ll explain how you can stick with your resolutions for the long haul, so you can achieve monumental goals like repairing your credit, creating a college fund for your kids, or padding your retirement savings.

Here are four ways to stay committed to your personal finance resolutions in 2020

Are you one of those people who is setting personal finance resolutions? If so, you may be wondering how you can best commit to those resolutions, so you don’t fall off the wagon by St. Patty’s day.

Make sure your personal finance resolutions are realistic

When it comes to choosing your personal finance resolutions, you want to make sure they are both motivational and reasonably attainable.  If your goals involve investments, you could wind up putting yourself in a position that could wind up setting you back. Financial goals that are related to saving money, repairing your credit or paying off debt will yield better results.  You want to concentrate on a few key financial goals that are both rewarding and achievable in order to set up in the best position for success.

Tell your trusted friends and family members

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One of the easiest ways to make your resolution “real” is to tell the people you trust that you’re going to do everything you can to stick to it. By voicing your goal, you bring it to life. Once your friends and family members know that you’ll be sticking to this resolution, they will remind you of it and keep you accountable. They’ll also point out ways that you may not be following your resolution. However, you’ll want to be choosy about the people you tell, since the wrong people may ridicule your goals or even try to sabotage you.

Ask for support

In addition to telling people about your resolution, you may also want to consider asking those people for support. Do you have a family member who’s really good at budgeting or saving money? Ask that person if he or she is willing to share some wisdom with you in exchange for lunch or coffee. Do you know someone who’s trying to achieve a similar goal? If so, you may want to ask that person to become your accountability partner, so the two of you can help keep each other on track.

Commit to make small, manageable changes

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If you look at your New Year’s resolution as a whole, you may feel completely overwhelmed by it. Repairing your credit can be a daunting task if you think about all the things you have to do. Instead, commit to making small and manageable changes, so you feel like you’re making progress. If it helps, write down all the steps on a piece of paper and then assign due dates to each step to keep yourself on track.

Stay committed to your personal finance resolutions in 2020

You may have struggled with keeping New Year’s resolutions in the past, but 2020 is full of hope and possibilities. By changing your mindset and approach, you can achieve all your financial goals and more!