“I want to save a lot of money this year.”

“I want to be debt free.”

“I want to start saving for retirement.”

These are all good intentions, but that doesn’t mean they work. Perhaps, like countless others, you set similar goals year after year, but you make little or no progress.

Strive to make 2021 the last year you achieve your financial goals by keeping what you have to do and not do.

DO NOT rely on systems, DO NOT rely on the power of determination.
Most of us rely on the ability to bridge the gap between goals and goals. But this does not always work.

Instead of relying on your own strengths, set strategies that will help you achieve your financial goals. Instead of “trying hard” to stay on top of your bill payments and set aside savings, for example, set automatic payments and automatic transfers weekly from your test account to your savings account.

Systems like these help ensure your financial goals are not lagging behind.

DO NOT focus on habits, DON’T WRITE on the results.
Focusing on your financial goals for daily, weekly, and monthly activities – with far-reaching, vague consequences – can help you move on.

For example, instead of setting yourself a goal of saving for a family vacation this year, turn your attention to a practice that will help make it happen, such as transferring $ 50 to a dedicated savings account at the beginning of each week. The clearly defined habits are essential in helping us make real progress.

DO NOT be flexible, and do not be rigid.
Another common trap is failing to renew our goals as we experience changes in our circumstances throughout the year. Objectives have great power, so the way we work must be flexible.

It’s perfectly fine if some of your previous goals don’t work. And it is often the case that new goals come before priorities. But as that happens, it’s important to update your financial systems to reflect those changes. Schedule a time on your calendar once a month to review your financial goals.

REMAIN committed, DON’T try to be perfect.
Instead of giving up on yourself when making financial mistakes, give credit where credit is due.

You do not have to be perfect to achieve financial goals, but you do need to be committed to the process. Recognizing the good progress you have made can help you to do just that.

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