With every new year comes new resolutions. Whether your goals are debt-related or more geared towards saving, there’s always something you wish to do better in the new year. Setting goals and tracking your progress can be a great way to kick off a new chapter and start the new year off right.
Set a small achievable goal
If you’re looking to get out of debt, don’t set a goal that is too lofty. Just saying you want to be debt free this year is too hard to break down into achievable increments. Instead, chose a credit card or student loan you want to pay off. Start with that small goal for the entire year or for a quarter and then chose another debt to tackle next.
Jot your goal down on paper
Writing your goal down makes it real. When you take pen to paper or even type it out, you’re putting it in print that you’re committed. A good place to write your goal out is on a planner or notebook you use often. This is a great place to write your action plan and how you will achieve your goal.
Tell others about your goal
When you tell a friend or family member about your goal, you’re putting it out there that you’re serious. Your spouse, family member or friend will then be able to support you throughout the year. They can help cheer you on and you’ll be more likely to succeed when you know people will know if you fail.
Have a friend hold you accountable
When you tell your friend about your goal, also ask them to be your accountability coach. This person can chat with you after certain benchmarks and talk through any roadblocks you’re facing. Having someone checking in on you adds some pressure and will help you stay honest about your progress.
Check in on your goal progress
When you write your goal down and set real action steps, you’ll also be able to check in on your progress. You can set monthly calendar reminders to check in and see where you stand. You can also check off steps you’ve completed and track how far you have left to go.