Mom: Keep those Financial New Year’s Resolutions

Each and every year, after the holiday credit card bill shows up, we make
resolutions with the best of intentions. And, within a month or maybe less
… we’ve given up completely. Why is that?

Vague Goals
The goals we oftentimes set are unrealistic or are too vague to be
trackable. Here are some examples of resolutions

Bad Resolution: “Pay off credit card debt.”
Better Resolution: “Pay an extra $20 each month towards credit card debt
until it’s paid off.”

Do you see the difference? One is vague. You can’t possibly hold yourself
accountable. The other is much more trackable.

Here’s another example.

Bad Resolution: “Spend less money eating at restaurants.”
Better Resolution: “Use a menu planning service to ensure that we have
groceries in the house at all times. Eat at restaurants or fast food only
twice per week or less.”

Difficult Goals
It’s wonderful to make resolutions, but, they do no good if you don’t have
a plan in place to help you reach them. Let’s go back to that “Pay an extra
$20 each month towards credit card debt.” Where is that $20/month going to
come from? Is it magically going to appear just because you set a goal?
Will the “New Year’s Fairy” deliver a wad of cash to you each month? Of
course not. You have to have a plan in place to make the extra money
available to you.

For instance, the two goals could be combined. The second goal is
reachable. Instead of just saying to eat fast food once per week, it adds
on a way to do just that – by signing up for a menu planning service.

The best Resolution could be a combination of both goals:
“Use menu planning service to ensure that we have groceries in the house
at all times. Eat at restaurants or fast food only twice per week or
less. Take the money we save and apply at least $20 each month towards credit
card debt until it’s paid off.

It’s a new year, which means that it’s a new chance to actually make New
Year’s Resolutions and KEEP THEM. We hope these examples will help you to
set achievable new year’s goals and put systems into place so you can
achieve them.

Christine Steendahl created a menu planner for busy moms. For a free one
week trial of this family friendly meal planning service which includes a
weekly grocery shopping list, visit www.dinewithoutwhine.com