Every year, we are all very excited to write down those long lists of resolutions, many of them including ones about money and saving. However, every year, we find challenge in keeping up with these money resolutions. These tips below can help you stick to your 2017 money promises.

  1. Make Your Goals Specific

Instead of promising that you’ll start building your emergency fund this 2017, tell yourself that you’re going to put £1,000 in your emergency fund by the end of the year. Aim half that amount if that’s not possible, the most important thing is that you actually get something done rather than putting it off for next year.

The same goes with your debt payments. Rather than saying you’ll pay off all your debts, commit to paying off at least your highest-interest rate debt by the end of the year. Most of the time, we don’t meet those goals, but at least you’ll still spend less on interests when 2018 strikes.

  1. Break Down Your Goals into Small Attainable Ones

In relation to above, it makes sense to break down big goals into smaller ones. For instance, while saying you’ll save £1,000 by the end of the year is specific enough, you can make this task easier to accomplish by committing £100 per month. Not only it makes the goal realistic and attainable, but seeing little goals achieved encourages you to move forward.

  1. Prioritise the Problem that Worries you the Most

Is it your growing credit card debt? Is it the lack of rainy-day fund? Humans are emotionally linked to their finances, and when you’re constantly stressed out by that major problem, it’s hard to focus on other strategies to improve your financial situation. It’s important to be truthful to yourself and identify what area/areas you need to work on.

  1. Automate Your Investments

Forgetting to save and invest makes us guilty all the time. Automating your investments not only rebalances your portfolio, but it also takes the stress from having to do it yourself. You can also avoid bad financial decisions because your emotions won’t have to get in the way.

  1. Get Your Loved Ones Involved

It’s important to include your significant other, children, or parents in your goals in order to keep you accountable, and also to make them understand why you’d have to cut down on some expenses. It’s always easier when you get everyone’s support.

  1. Look Beyond the Money Saving/ Debt Reduction Trend

Every new year, people are all about spending less, saving more, and paying off debt. Why not look beyond those and check your insurance plans and retirement accounts? Check if you have assigned the right beneficiaries and check to see if these accounts are consistent with your financial goals.

  1. Don’t Forget to Reward Yourself

After you’ve made sure your finances are in order, remember that it’s okay to reward yourself for a job well done. It allows you to view managing your finances as an enjoyable task and not as a punishment. Also, it will give you a breath of fresh air that will help you face more challenging goals in the future.