How to Keep a New Year’s Resolution the S.M.A.R.T. Way

new years resolutions

Think fast! What was the last New Year’s Resolution you saw through from start to finish?

Don’t strain yourself racking your brain. If you’ve struggled maintaining your resolution, you’re not alone. Putnam Bank challenges you to pick a financial goal from the top of your list, and see it through to the end with these S.M.A.R.T. techniques to stay the course.

Specific: Throwing out a flighty “I want to save more money” will end as quickly as it was decided without direction. Be clear with yourself.  Striving to save $5,000 to kick start your emergency savings fund gives you a target to aim for that goes beyond a hopeful thought.

Measurable: Buckling down to accomplish a long-term goal feels awesome. Part of that rush comes from gauging your progress leading up to the big moment when you accomplish your objective. Identifying concrete ways to assess your goal, and structuring simple milestones for success, keep you on track towards your financial target. Know your bank accounts, check them regularly, and strategize the numbers you’re seeing to elevate progress.

Attainable: There are many goals you can put in front of yourself to strive towards a more rewarding financial future. Making sure these goals are attainable ensures you’re working towards a truly possible reality. If you plan on becoming a millionaire in three weeks, you may be in for a letdown.

Realistic: Just because you can, doesn’t mean you should. If you want to pay off the rest of your mortgage two years ahead of schedule, could you do it? Technically, probably, yes. However, how realistic is that goal when you factor in everything else on your plate? Don’t burn yourself out with a goal that extends your boundaries and comfort too far.

Time-Bound: When life stressors appear, personal goals are the first thing to go. If you’ve given yourself concrete deadlines, skipping out on your financial target becomes much, much harder. Whether that’s a daily timeline, or a date a few months down the road, a time-bound goal helps keep you on track and moving forward.

When the going gets tough, the tough remember their S.M.A.R.T. techniques. Reach out to Putnam Bank if there’s a financial goal we can help you tackle in 2016.

Putnam Bank
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