Let’s pretend for a moment: it’s December 31, 11:59 p.m. Maybe you’re at a party, or you’re just at home, already in your pyjamas and waiting to watch the fireworks before bed. However you celebrate the new year, you’ve probably made some kind of mental note about what you’d like to change or achieve.
Despite our best intentions, almost a quarter of Australians break their resolutions within the first three months, reports Finder.com.au.
It may seem a bit early to be considering your resolutions, but there’s really no time like the present. Research from University College London found that it takes an average of 66 days to form a new habit. That means, for example, if you plan to consistently exercise or eat well in 2019, you’ll need to be easing into that habit 66 days in advance. With that in mind, your new year’s resolution should really start forming on 27 October.
If you’re not sure what you would like to focus on in 2019, take advantage of our Paint Your Future worksheet. Understand what’s most important to you and what you would like your future to look like.Painting Your Future
Plan for success in 2019 to enjoy a rewarding new year.
Trying to change everything at once is bound to end in failure. Your resolution, whether strictly financial or not, should focus on a single meaningful change you’d like to make in your life. Here are some popular ideas and tips on how to get ahead:
Improving health and fitness is the number one resolution in Australia, according to Finder.com.au. Whether you aim to boost your fitness, gain muscle or lose weight, the habits required to achieve this can be challenging to form. By thinking about this now, you can build a plan to handle it in the new year.
Get quotes from your chosen health professional and adjust your budget for the new year to accommodate this change. Ease into the lifestyle change by reducing your junk food intake each week or starting a walking routine, for example.
Another popular resolution, expanding your knowledge and skills can be extremely rewarding. Formal education through a tutor or classes helps to provide the structure needed to uphold this resolution, but they’re typically not cheap. You’ll need to plan for the costs of learning, both in terms of course fees and additional expenses like textbooks and transport. If you’re retraining full-time, you’ll also need to consider your living costs and income.
It’s a good idea to get in the habit of studying in advance, too. Make a goal of regular reading – or watching educational tutorials – every week before the new year.
Health, knowledge, travel or freedom – whatever your 2019 new year’s resolution, we believe you can achieve.
Thinking about seeing the world? This is a great aspiration and it doesn’t come cheap. You’ll need to plan what kind of travel you’ll do – lots of small domestic trips or one big international holiday? The financial backing for constant travel doesn’t always come easily. Talking to a financial planner before the new year can help you understand what you’ll need to do to put this dream into action.
Truly finding financial freedom is a big task – you might not be able to achieve this within one year depending on where you are in life. That said, working with a financial planner can set you in the right direction and establish SMART goals for the new year.
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No more resolutions gone wrong – make 2019 your year of success. It’s time to do all the legwork now so you can hit the ground running at the turn of the new year.
If you understand what’s most important to you, take the time to set yourself some goals. Download our handy goal setting worksheet to start.Your Most Important Goals
What you need to know
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