4 Secrets to Making (and Sticking to) a Money Resolution

Julia Chang

day 4Happy New Year’s Eve!

Guess what? It’s also the fourth day in our 12 Days of LearnVest series—in which we teach you to be a whole new money you—and you’ve already made a lot of progress: You’ve started getting organized, and you’ve stopped making excuses.

Now on to the fun part: What’s your New Year’s resolution when it comes to your money?

The glittery ball will drop tonight, and you’ll want to be ahead of it. Plus, the sooner you decide your financial focus for this year, the sooner you can get started on reaching your goals.

So we want to know: What is your financial resolution?

We’re talking one smoking money goal that will help get you closer to leading the life you want.

For example, we took a look at the top goals our premium LearnVest users, who already have financial plans through our Action Program, are aiming for. Here are the top five near-term aspirations these users have for their money:

1. A Big Vacation: 46%

2. A Job Switch: 28%

3. Going Back to School: 16%

4. Buying a Home: 13%

5. Having a Baby: 10%

RELATED: My ‘Phrase to Save’: How Real Readers Reach Their Goals

Those are big goals, and the money to fund them won’t appear magically. In fact, the saving and budgeting required will take as much discipline as logging three extra miles on the treadmill each week.

That’s why we tapped Stephany Kirkpatrick, LearnVest’s director of financial planning and a Certified Financial Planner™, for her secrets on setting financial resolutions designed to stick.

  • Jan Cullinane

    Use the acronym “SMART” when making goals, financial or otherwise: Specific, Measurable, Attainable, Realistic, and Time-Senstivie.

  • http://thebrokeandbeautifullife.com/ Stefanie @ brokeandbeau

    This is the first time I decided to break down my 2014 resolutions into monthly goals. After writing down everything I wanted to accomplish in 2014 I chose an actionable next step for each goal and wrote it into my calendar for January. Once February rolls around I’ll have to figure out what my next step is again and so on and so forth.