Article 26

Who doesn't love the old saying, new year, new me? Everyone. It's played out by this point, and most times, the thought of how everyone's goals seem to be a distant memory of the past by February. So, instead of discussing all the ways to set goals and which to select, let's talk about how to stay on top of our goals and push forward as time progresses. 

Regular Check-ins

A study found that 30% of Americans rarely or never budget. Regular check-ins can be a game-changer. Like checking your map on a long road trip, regular financial reviews help ensure you're on the right path. Set aside time each month to review your 'financial route' and go through your income, expenses, and savings. Course correct your spending habits if they're going off-track. It's all about staying in the know.

Break Down Goals

Big financial goals, like my journey home during school breaks, can be overwhelming. Setting checkpoints always tricks me into thinking that time is flying by. Same with your financial goals. Research shows that people who set and break down specific savings goals save faster than those who don't. If you aim to save a chunk of change, break it into bite-sized monthly savings targets. It's less overwhelming and more of an 'I got this' feeling.

Automate Where Possible

Setting your finances to cruise control with automation is a life hack everyone needs to take advantage of. It's out of sight, out of mind, and growing without you stressing over it. Set up automatic transfers to your savings account and auto-pay your bills to dodge those late fees. Trust me, it's a game-changer.

Celebrate Milestones

Hit a mini-goal? Take in the scenery, remember that feeling, and celebrate it! I'm not saying throw a yacht party (unless that's your milestone) but treat yourself to something nice. Celebrating small wins increases motivation. When you hit a financial mini-goal, do a little victory dance. It's not just fun; it's science-backed encouragement!

Seek Accountability

Share your financial goals with someone like you might share your travel plans. Having someone to discuss your journey with can encourage and keep you focused on reaching your destination. A study showed that people are 65% more likely to meet a goal after committing to another person. They'll cheer you on and give you a helpful nudge when you're slacking. It's about having that support system to keep you honest and driven.

As we cruise into 2024, it's important to remember that our financial journey is as unique as the roads we travel. This year, let's focus not just on reaching destinations but on understanding and embracing the landscape of getting there. Embrace each twist and turn as an opportunity for growth and learning. Reflect on the moments that challenge you and celebrate those that uplift you. Remember, you're the driver of your financial journey, and every decision you make steers you closer to your aspirations!

We invite you to share your experiences and learnings with the Article 26 community on Facebook and Instagram. Let's create a map filled with stories of financial resilience, savvy navigation, and destinations reached. Together, we'll build a landscape where every goal is within reach, no matter how small or ambitious. Here's to a year of exploration, discovery, and financial empowerment. Drive confidently into 2024, knowing that Article 26 is here to light the way.

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Sources:

The buddy boost: how ‘accountability partners’ make you healthy, happy and more successful | Health & wellbeing | The Guardian

9 Ways To Automate Your Savings – Forbes Advisor‍

Most Americans Have a Monthly Budget, but Many Still Overspend - NerdWallet‍

65 Achievable New Year's Resolutions for Building a Healthy, Happy Life‍