Make your New Year’s Financial Resolutions Stick!

Here are some simple ways to help you stay on track!

• Make a clear plan

• Narrow your financial focus to set reachable goals

• Focus on one resolution at a time – while working to rid yourself of debt, don’t also resolve to lose 30 pounds

• Take baby steps – even if it means saving just a few dollars from each paycheck

• Talk about your plan with friends and family to help you stay accountable

• Don’t let an impulse cause you to forget your resolution. The next time you're about to make a spur of the moment financial decision, stop and think

• Don't give up if you make a financial misstep

• Keep track. Knowing where your money is going makes it easier to prevent yourself from spending where and when you shouldn’t

• Let others help you save by increasing your contributions to an IRA account or your 401(k) plan

• Don’t waste your money on fees! Many credit unions offer free checking accounts, as well as fee-free ATMs

• Make yourself save automatically, by arranging to have extra money taken out of your paycheck - either through payroll deduction or by having money moved from your checking to your savings account every time a paycheck is deposited

• Reward yourself for sticking with your resolution – just don’t do it by making a purchase!

- Diana D., Maine Credit Union League