If you’ve already tried and failed in an attempt at a New Year’s Resolution, don’t worry about it. You can still opt to swim against the current by resolving not to make any resolutions.
It’s easy to set financial goals for the new year, but harder to make them matter. Make them too vague, such as “take control of my finances” or “reduce wasteful spending” and there’s nothing to gauge your success.
The routine never changes. A year ends, you take stock of what didn’t go right and vow to change things come Jan. 1. Then life happens and you find yourself making the same vows again as the next year concludes. One reason things go that way is because you fail to give teeth to your New Year’s resolutions.
It’s easy to dream up lofty financial goals, but tough to scratch up the money to make them happen. One way to make wishes more realistic is to link particular sources of income to each aspiration.