A new year opens the door to new perspectives, opportunities, and plans. So why do we often feel overwhelmed? Simply saying “New Year” brings thoughts of making New Year’s resolutions: rigid ideas of what we need to do for self-improvement, better health, and financial prosperity. If you are like me, the list can be daunting!
Taking a different approach can offer a more enlightened and encouraging experience. Rather than making a long list of financial improvements, perhaps we can choose two or three items where we can make progress and enjoy the feeling of success. This will help prevent feelings of discouragement when you accomplish one thing on your list only to be faced with ten or more things you still need to do. Give yourself some grace!
If you want to have a better handle on your finances, get a financial tracking app to keep track of spending and saving. If you are trying to reduce splurge spending, give yourself a spending limit. Keep track of the amount and be cognizant of how you spend your money. Tackling this one thing is a step in the right direction. In this issue of Money Moxie, Parker Thompson’s article “7 Money Resolutions for Your Year” provides helpful insight for setting financial goals.
Health and money go hand in hand. If your goal is to eat healthier, switch to one healthy meal daily. As the week goes on, add another healthy meal. This helps transition into new eating habits without feeling deprived. Small steps make for a smoother path. Remember, real change takes time.
The good news is duplicating these strategies by taking small steps can help you find success in any of your goals. Most importantly, celebrate your victories, even if they are small accomplishments. Encourage yourself, and if you make a poor decision, don’t dwell on it. Determine what you must do to get back on track and move forward.
Another way to find fulfillment and happiness is in our relationships. The relationships we nurture have a profound impact on our sense of well-being. Finding ways to help others and make new acquaintances can be very satisfying and can result in long-lasting friendships.
With a clean slate, create the path you want to follow in 2024. Whatever your goals and desires, I hope you succeed in all your endeavors.
Click here for an in-depth discussion on the Power Up Wealth podcast.
