Your Seven Day Plan to Achieve that New Year’s Resolution (Day 3)

We will resume our regular weekly posts after this week. But for this week, the first seven days of 2014, we’re focussing on a plan to help us for the rest of the year.

As we’ve noted, only 8% of the population actually end up achieving their New Year’s Resolutions and we want to be in that group of successful winners!

Over half of the church members (based either in London or the South East of England, UK) that took part in our 2013 survey said they had a handle on their finances…. but after further discussion it became clear to many that they either did not have (or worse) did not know how best to apply the practical tools to enable them to achieve many of their financial goals.

Part of gaining the skills as one of the successful 8%  who achieve goals they set includes having  a simple and practical roadmap to make the way easier. And then, being consistent in developing and following the map!

Continuing to keep up with and revisit these seven days of tips and hints,  one tip at a time, will help you progress your financial goals for 2014.

Before we begin the tip for Day 3, can you honestly answer ‘YES’ to these questions:

QuestionMarkATP

Question 1: Did you read the Day 1 and Day 2 blogs?  If not, you can catch up on Day 1 here and you can catch up on Day 2 here

Question 2: Did you add your payments towards paying down your debt into your Monthly Spending Plan? If not, then take some time to complete that task before moving on to today’s tip. Remember

Question 3: As part of your morning devotional study and reflections, did you recommit your plans to God, asking for focus, guidance and clarity of purpose to help you achieve your goals and plans for this day, week and year?  If not, just pause for a moment to do so.  Remember: A double minded man is unstable in all his waysJames 1:8 King James Version (KJV).

OK, now let’s now move on to consider today’s tip.

Tip 3: Make a goal to Increase (or start!) Saving

First, write down one short term goal – perhaps for this year’s holiday or to start an emergency fund to cover unexpected expenses.

Next, write down a medium term goal – perhaps it’s that dream vacation, or a deposit on a home.

Finally, decide on a realistic deadline to achieve these goals – and list the regular action you will need to do within that time to accomplish your goal.

Now, make a plan of what you need to do today to move your goal/s forward.  If this is a first time activity, you may wish to just focus on your short term goal to help build your confidence first.

Always try to keep your savings activity regular even if the amount you can save is not the same each time.

That way you  get into the habit of regular savings –  a great tool to help you on your financial journey.  See our 52 week challenge –  “A simple way to save £1,000 in one year” a short blog showing you a straightforward method of creating and achieving a short term financial goal.

 

JOIN OR START A LOCAL CHURCH MONEY CLUB

Remember, if your church is interested in supporting a local money savings and investments club and would like more information let us know in the feedback form, just click here.

Let us know if this is an area for more discussion and we’ll post more information on savings and ways to save.

Tomorrow, we will look at another tip to help you in your financial goals.  As always, share how you are getting on with these, any questions or comments you have.

Until then, onwards and upwards!

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