The new year is the opportune time to reflect on your financial habits and set resolutions to improve your economic well-being. When making resolutions, we often set our sights too high, making living up to our expectations difficult. The key to success with behavioral changes is setting practical and feasible goals.
If you’ve ever tried to shed a few pounds, you know there are plenty of diets to choose from. But most diets have one thing in common – they’re unsustainable. It's the same for monetary goals - from trying to save more or cut down on frivolous spending. True success involves lifestyle changes – altering how you view and interact with money (or food).
People look at the new year as a fresh start and opportunity to improve themselves. However, keeping resolutions throughout the year can be challenging. Setting goals as a couple allows you to work as a team toward your targets – holding each other accountable along the way.
Whether it’s trekking across Europe, embarking on a coast-to-coast road trip of the U.S., or cruising through the Canadian Rockies by train, most people dream about that one bucket-list vacation. To many, this adventure remains a dream. But with dedication and planning, it’s often more attainable than people realize.
A significant part of managing your finances well is your ability to plan for the future. While you can’t predict every curveball life will throw at you, being prepared, setting goals, and constantly working to better your financial position are crucial steps to your success.
As you turn on the TV or glance through the latest news stories, you can’t help but hear about the “Great Resignation.” With more and more people leaving their current jobs, businesses are struggling to find workers. Due to staffing shortages, some companies are even adjusting their hours or closing one or two days a week.
When it comes to New Year’s resolutions, saving more money and improving one’s financial standing always come out near the top of the list. And having a great credit score can help you accomplish both.
Every January, it's the same deal: You resolve to save more money, pay off your debts, and get your financial situation in order. Then February comes along and you're back to your old habits. If you've broken New Year's resolutions in the past, you're not alone.
Many of the things you do daily are simply a habit. Whether it's buying coffee on the way to work or a $10 a day lunch habit, they can potentially harm your budget. Similar to how bad financial habits can get you into trouble, good financial habits can keep you out of trouble.
Everyone sets goals. Typically, these goals fall into two categories - short-term and long-term. Short-term goals may consist of saving for a well-deserved vacation or shedding 10 lbs. before summer. Long-term goals focus more on what you want to accomplish in life and retirement planning.
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