It's Never Too Late To Restrategize and Make Progress

It's not too late to make resolutions in those areas where you want to see improvement. And to help you, I want to give you some ways actually to achieve your financial or personal goals so that you can be among those with successful results at the end of the year.

Make A Specific Goal 
Let's assume that one of your resolutions in the area of personal finances is something like this, "I will get out of debt and save more money [this year]." That is a good resolution. But now you have to get some details in your plan. Your next step is to define how much you want to accomplish in each plan category and record them in the form of detailed, measureable goals. Here is an example:

"I will pay off so so amount in credit card balances within 12 months so that I can be debt free.

"I will save so so amount in an emergency savings account within 12 months so that I no longer have to rely upon my credit cards."

Develop A Plan To Achieve Your Goal 
In order to achieve your debt reduction and savings goals, you could do the following:

1. Put together a simple budgeting plan;
Once you have a plan, spend a few hours working through the numbers to determine how much money you earn and how much you spend each month. This will help you determine if you need to a) decrease your spending, b) increase your income or, c) do both in order to have the amount of money you need to apply towards debt and save some each month.

This step is very important and one that cannot be omitted if you want to complete your goal.

2. Establish a separate bank account to automatically withdraw the amount you need to pay off debt and to save each month. For instance, you need to withdraw ABC amount per month to have XYZ amount to pay off your debt and save money for emergencies.

If you follow your plan correctly, you will have a surplus and emergency savings by the time you reach the 12th month.

Victory Over The Lack Of Discipline 
Discipline and self-control must be applied one day at a time. If you can establish one daily discipline and stick with it for three weeks, you will form a new habit that will lead to the ability to become more disciplined in every area of your life.

A spiritual battle will be waged to keep you from believing that you can be disciplined. The enemy wants to rob you of the fruit of the Holy Spirit and cause you constantly to feel defeated when it comes to areas of weakness. Make this a matter of daily prayer, asking God to help you live one day at a time, to give you self-control and perseverance.

Like any endeavor, you may experience setbacks, frustrations or obstacles that discourage you. That is when you must not give in to the temptation to quit. It will be far more encouraging at the end of the year if it simply takes you longer or a few more attempts to achieve your goals than if you had quit early on.

Set a Reward for Success 
It is a fact that events that cause a strong emotional reaction are more vividly etched in our memories than those that are emotionally neutral. We can remember days of grief, joy or fear in more detail and for far longer than just a normal day in our lives.

If you have had a lifetime of stress when it comes to managing money, use those bad memories as motivation to eliminate the continual fear, anxiety and worry about money that have become associated with trying to solve these problems. Imagine life without that emotional drain and use it to motivate you to persevere toward the opposite end of the emotional scale -- joy, peace and a sense of being prepared.

Now with a mental picture of your goal in mind, how would you like to celebrate on Dec. 31 if you have achieved your New Year's resolution? Be honest. Would you like to eat out at a favorite restaurant, give a gift to an important person in your life, be able to be more generous?

These are all perfectly acceptable forms of rewards if they motivate you to finish your goals. Since we are all built to desire rewards, this is an important element in your plan.

[written by Chuck Bentley]