Jessica Baker https://www.possiblefinance.com 2m 589 #financialgoals
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
The new year calls for new beginnings. With 2021 approaching fast, people are starting to create their new year resolutions. The hard part, however, is approaching each one proactively to achieve it. If you have had trouble sticking to your resolutions, you’re not alone. It may take some extra dedication and effort, but know that it’ll be worth it in the long run.
Most resolution lists typically include some sort of finance goal. Whether it be repaying bills or paying off a loan, there is always something to worry about. Having many financial concerns can take a toll on the mental health of an individual. To ease the stress you feel, it’s important to approach your financial concerns in a proactive way. Continue reading to learn about how you can prioritize your financial resolutions this upcoming year.
Think About Your Spending Habits 
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After doing lots of holiday shopping, you may be feeling as if you need a break from all that spending. Now that the new year is here, it’s time to practice mindful spending habits. People usually spend lots of money on their shopping trips, only to feel a sense of regret once they come home. While we don’t think you should feel bad when spending, we do think it’s important to be aware of your spending habits.
The following mindful spending activity will help you do just that. To get started, you’ll need to set aside one week to complete the activity. Also make sure to print out our mindful spending worksheet attached below, as it will help keep you on track. Throughout the week, you will have one financial activity to complete each day. Take a look at the different activities down below:
Monday: Talk to someone close to you about your spending habits.
Tuesday: Plan out your spending for the rest of the week on your worksheet.
Wednesday: Only purchase the essential items you will need this day.
Thursday: Take $5 off your budget for groceries.
Friday: Erase any saved forms of payment you may have on an account.
Saturday: Reach out to your utility service provider and work to negotiate your monthly bill.
Sunday: Take a look at your worksheet and see which entries you could have saved money on.
Your worksheet will serve as a log as you work to complete each activity in the week. Before you purchase something, fill out a box on the worksheet. On Sunday, you’ll loop back to what you wrote and evaluate if the purchases you made supported your financial resolutions. Also note which items you could have saved more money on, so that way you know how to approach them better in the future.
Little steps here and there can make a big difference. Take your time with your financial goals and learn as you move forward. Before you know it, you’ll be one step closer to checking that resolution off your list. For more financial worksheets and fun ways to approach your New Year’s financial resolutions, check out this 31-day financial challenge.
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