Purse Strings Approved Professional

Blog Series

3 Tips to Make Your New Years’ Financial Resolutions Stick

Happy 2024! You may be all charged up about the New Year’s resolutions you recently made. If you’re like most of us, every year, you set resolutions with the best intention to keep them, but within the first few weeks of the new year, your resolutions go right out the window.

Here are three tips to help you set financial (and other) resolutions and stick to them:

1. Set smaller resolutions:

Break your large resolutions into smaller actions. Instead of resolving to save $5,000 in 2024, set a goal to save approximately $100 a week. You can probably save that much each week by simply bringing your lunch! If you prefer to cut in another area, go for it. It’s your choice. Just remember small baby steps are the key.

2. Find an accountability buddy:

When you tell a friend your resolution and ask for his or her help sticking to them, you radically increase your chances of success. Ask your buddy to be honest with you if you are blowing your resolution off. Sometimes a gentle or not so gentle kick in the you know what can really help you keep on track. Offer to reciprocate. Having someone to share your financial struggles and successes makes everything easier and more fun.

3. Don’t let slips lead to slides:

You’re sticking to your financial resolutions when the weekend rolls around, and your friends convince you to take a road trip. A hundred miles and $300 later, you resurface and realize you’ve blown your resolution. Don’t let a slip like this one turn into a new habit or a permanent slide. Simply get back on track, renew your commitment to your original financial resolutions, and learn from your mistakes.

What is your favorite New Year’s Resolution from the past? And what are you committing to do this year?

Kathleen Burns Kingsbury

Kathleen Burns Kingsbury

Negotiation Trainer and Coach KBK Wealth Connection

I’m passionate about coaching women – financial advisors, coaches and consultants – because I thrive on empowering them to transform from feeling uncomfortable, apprehensive, or anxious about setting and discussing fees with clients into becoming confident and self-assured professionals. My tailored negotiation and sales programs are exclusively crafted to cater to the unique needs of women. Drawing upon my extensive two-decade-plus background in business and clinical expertise in the psychology of women and wealth, these programs provide women with a comprehensive toolkit of proven negotiation tactics that work and yield tangible results.