Whens the last time you kept one of your New Years resolutions?
By the middle of the year, most resolution-setters have completely abandoned their idealistic plans.
I believe we should all have goals, said Brittney Castro, a Certified Financial Planner withMint.
But I think the reality is life doesnt always go according to plan.
If the last two years havent taught us that, I dont know what will.
Being able to create a plan and then flow with whats going on is critical.
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Often [resolutions are] rigid and you have to restrict so much.
Its no wonder so many of us fail at meeting our resolutions.
Setting a financial intention, on the other hand, makes goal-setting more realistic.
You might set an intention to give yourself 72 hours to think over any purchase larger than $100.
Next, start developing an action plan thatll help you get there.
Think about what activities, people or resources youll need, she said.
Most people operate on a scarcity mindset with money, she said.
Theres overwhelm and anxiety.
Even if you have money, it’s possible for you to still have that scarcity mindset.
Personally, I like weekly, she said.
If thats too much, at least monthly.
Reviewing your progress helps you see how youre moving towards where you want to be in life.
If youre not quite tracking toward your goals, you have the opportunity to correct your course of action.
Nicole Dow is a senior writer at The Penny Hoarder.
