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

Julia Chang

1. Create eye candy: Keeping a “vision board”—essentially a collage of photos or words that remind you of your goals—can be a great way to stay motivated. And your board needn’t be physical: “You can start a Pinterest page of your vision board, or change your Facebook background photo to reflect your goal,” says Kirkpatrick. For example, in January, that photo of the Bali sunset might be pinned from a travel site, but by June, you just might capture it on Instagram yourself.

RELATED: How to Create a Financial Vision Board

2. Make it bite-size: The key here is to break big goals into manageable steps. For example, saying, “I want to save an extra $5,000 by the end of the year” seems more daunting than “I want to save $2,500 by June.” Better yet, do the division and start with: “I want to save an extra $416 a month.” Then it’s a matter of making choices with your money to find more room in your budget. Setting milestones along the way will also make your resolution more manageable, so if you hit your $416 savings goal three months in a row, reward yourself.

RELATED: 8 Foolproof Ways to Grow Your Savings

3. “Piggy bank” the big dreams: To pay closer attention to those heftier financial goals like saving for a baby or your dream home, consider opening up a separate savings account specifically for the money you’re funneling toward them. “Then link this account to your Money Center so that you can keep track of it more easily,” says Kirkpatrick. Seeing that you have $10,000 saved specifically toward a down payment may make you less prone to “borrow” from one savings goal to meet another.

4. Get a money buddy: You already have a gym buddy who forces you to play racquetball when you’d rather go home and order pizza. And you know what? You never regret keeping that gym date. Why not have the same kind of accountability partner for your finances? “Enlist a good friend or family member who will support you in your financial goals, and set up a monthly check-in,” Kirkpatrick says. Let them know how you’re doing (and vice versa), and give each other words of encouragement—or a friendly reminder that you’ve gotten off track.


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  • 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.