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Sticking to Your Resolutions


Financial Resolutions for the New Year

January 09, 2022

Sticking to Your Resolutions

2022 is officially upon us, which also means it's New Year's Resolution season. On average, only 46% of people who make a resolution are successful in keeping it 6 months later. In 2020, 35% of people who made resolutions kept them. Whether your resolution is to get in shape, eat better, read more, or save money; the next 5 steps can help you be sure your resolutions will stick once and for all:

Make them attainable:

If your resolution for 2022 is to exercise more, but you didn't step foot inside of a gym for all of 2021, don't make your resolution to exercise 7 days per week. Try starting out at 2 or 3 days per week. You won't overwhelm yourself and will be less likely to fall off the wagon if you skip a day or two.

Write them down:

Writing down your resolutions gives a concrete list to refer to throughout the year. Our brains are full of mental notes so try writing them down to check your progress on weekly or monthly basis. Keep your list close by in your wallet, taped to your bathroom mirror, or at your desk where you know you will see it regularly.

Make a checklist:

A popular resolution is to read more. You've written down your goal and make it attainable at one book per month. Make a checklist next to the goal you've written, where you write down each number of books you would like to read and check off the list as you go. Physically checking a box will give you a mental boost to keep going.

Make a plan:

To be successful, you need to have a plan. You can be flexible but try to decide what days of the week you are going to the gym or cooking from home vs ordering out. If your plan is to save money, set up an automatic transfer from your checking or savings or put it in your calendar to physically move the money once per month.

Tell your friends:

It takes a village, and that includes sticking to resolutions. Find a friend who is also making a goal and work together to hold each other accountable. Telling a friend will make you 65% more likely to reach your goals for the year.

No matter what goals you have, remember you can do this! Goals are important at any time of year. They are integral in providing you direction and giving you a clear focus on decision making. Happy New Year to all!


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About the author

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Allison Baines

Wealth Plan Design Specialist

Allison Baines, CFP®
Wealth Plan Design Specialist at oXYGen Financial

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

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