Did Your Savings Habits for 2014 Fall By the Wayside?

Many people set good strong goals for the beginning of a new year. However almost as many of them have forgotten about those goals by the time the end of January arrives.

Maybe you were the same this year. Maybe you had the best intentions but you never quite seemed to follow through on them. Now we’re into the final third of the year those good intentions could be haunting you and making you wonder why you never achieved what you wanted to achieve.

You have two choices to make at this point. You can either decide to feel guilty and annoyed that you didn’t follow through on those good intentions, or you can forget about them and start again. If you choose the latter path you could still achieve some notable things by the end of 2014.

The reason for this is that you don’t have to wait until January 1st to choose a new goal, or to try and get started on good savings habits once again. Instead you can choose to start again today if you wish, or tomorrow, or next Monday. Do whatever works for you, but don’t do it because it focuses on a particular day in the diary. Do it because it makes sense for you to do it.

After all, if you want to start saving and you want to put a new plan into action it makes sense to do it now, doesn’t it? Why wait another three and a half months to make it happen? The other disadvantage of starting on January 1st is that it puts even more pressure on doing what you need to do. Everyone knows how hard it is to keep a New Year’s Resolution so why not take some of that pressure off and focus on starting now instead? Just think what you could achieve before Christmas rolls around.

This is the mistake many people make when setting goals for themselves. They think if they stop following their plan of action on January 3rd or 10th or 17th or whenever, that’s it. They can’t start again. That’s pretty silly when you think about it. Why not restart again and keep going from the 4th or 11th or 18th or whichever date applies? The trick is to learn why you failed at a particular point so you can start again with new effort and new determination.

Good intentions are behind every single New Year’s resolution you can think of. However those intentions are very easily cast aside when things go wrong. In reality you will have times when things are hard. You will very likely fail on a particular day or have a challenge you cannot meet. It is how you face this challenge that can determine how much cash you end up having in your bank accounts (or how close you get to achieving any other goal in your life). Think about this from now until the end of the year. It could make a big difference.