01.01.2025 By Amy Miller, AFC®

Financial Resolutions That Work: Simple Steps to Build Savings and Reduce Stress

The start of a new year is the perfect time to set financial resolutions. But let’s be honest—many resolutions fizzle out because they’re too big, too vague, or just unrealistic. This year, let’s do things differently and focus on creating clear, achievable goals that help you build savings, reduce stress, and set yourself up for success.

 

Follow these simple steps to make your financial resolutions work for you!

Step 1: Set a Clear, Meaningful Goal

Start by identifying a specific, meaningful savings goal—something that motivates you. Are you saving for an emergency fund, a dream vacation, or paying down debt? Whatever it is, define the goal clearly with a timeline and a target amount. It’s also important to note why it matters to you. Having a clear “why” behind your goal will keep you motivated.

Step 2: Break It Down into Manageable Steps

Once you’ve set your goal, break it into smaller, achievable steps. Smaller, consistent efforts make saving feel less overwhelming and much more doable. Then take your total goal and divide it by the number of months, weeks, or paychecks you have to reach it.  

Example: If your goal is to save $500 by the end of the year, save $42 per month or $10.50 per week. Keep it realistic. Remember, even small amounts add up over time!

Step 3: Make Your Resolution Stick by Automating Your Savings

One of the easiest ways to stick to your resolution is to “set it and forget it.” Automating your savings ensures you make progress without relying on willpower. Set up automatic transfers to a dedicated savings account each time you get paid. It’s one of the easiest ways to ensure you stay on track without even thinking about it. And remember, progress is progress—don’t get discouraged if you can’t save as much as you originally hoped. The important thing is to keep going.

Step 4: Track Your Progress

Tracking your progress is one of the most important steps in achieving your financial resolutions. It not only keeps you accountable but also helps you stay motivated as you see how far you’ve come. Regular check-ins give you the chance to celebrate your successes and make adjustments if needed.

Start by choosing a method that works best for you. Use a budgeting app, a spreadsheet, or even a simple notebook to track your savings progress. Whichever method you prefer, the key is to make tracking a regular habit—whether it’s weekly, bi-weekly, or monthly.

Pay attention to patterns: Are you consistently saving what you planned, or do you need to tweak your goal? If unexpected expenses arise, tracking can help you identify where to cut back temporarily or how to reallocate your budget. It’s not about being perfect—it’s about staying aware and in control of your financial journey.

Step 5: Be Flexible and Stay Consistent

Life happens, and it’s okay if things don’t go perfectly. If you can’t save as much as you planned one month, adjust and keep going. Review your financial resolutions every few months and adjust your plan if your income, expenses, or goals change. Small steps forward are still progress! Consistency over time is what leads to success.

Step 6: Celebrate Small Wins!

Reaching financial goals is a journey, and recognizing milestones along the way will keep you motivated so don’t wait until you reach your final goal to celebrate! Saved your first $50? That’s a win! Paid off a credit card? Another win! Small celebrations will remind you that you’re on the right path and inspire you to keep going.

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Make This the Year Your Financial Resolutions Stick


By setting clear goals, breaking them down into manageable steps, and staying consistent, you’ll build your savings and reduce financial stress. Remember: Progress is progress, no matter how small. Start today and make this the year your financial resolutions work for you—your future self will thank you!

Start your journey today by taking the America Saves Pledge; we’ll be your partner and will send you tips, tools, and resources to keep you informed, on track, and motivated!

 

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