Keeping Those Resolutions
With goal setting on so many people's minds this time of year, Money Magazine recently reviewed the tried and true methods for goal accomplishment. First, make a plan. Write your goals down, break them into manageable parts, and put the list somewhere where you'll see it on a regular basis--not in the drawer where last year's resolutions have been gathering dust for the last 12 months. Second, automate. That goes for building savings (automatic deposit) and for paying bills on time (automatic payment). Last, have someone hold you accountable.
Matt's View
While setting goals is a good thing, too much of some good things can be, well, not such a good thing. To improve your odds of success, keep your list short. In fact, think of one thing you could do in 2007 that would improve your financial situation. And then think of someone you know who's already accomplished that goal and ask him or her to be your accountability partner.
This article filed in: Goals
Managing Money by The Book
- "To keep me from becoming conceited because of these surpassingly great revelations, there was given me a thorn in my flesh, a messenger of Satan, to torment me. Three times I pleaded with the Lord to take it away from me. But he said to me, 'My grace is sufficient for you, for my power is made perfect in weakness.'" - 2 Corinthians 12:7-9
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