Achieve Your Financial Resolutions With These Mindfulness Techniques

By Carrie Smith

4 min read

After the excitement of the New Year wears off, it can be difficult to stay motivated to achieve the financial goals you set for yourself. Maybe you read someone else’s success story and want the results they achieved, but you can’t seem to find the time or discipline to get started. If you’re feeling stuck or overwhelmed by the goal you set, start practicing these four mindfulness techniques so you can finally reach your big goals this year.

Keeping a Daily “Hit List”

These days, our society is overwhelmed by long to-do lists and endless tasks. We have multiple priorities, and are constantly trying to multitask to save time. The only problem with this type of thinking is that multitasking actually hinders your productivity. And, psychologically speaking, being bombarded by tasks makes us feel less and less accomplished.

In addition, the plural form of the word priorities was only made popular in the 1900’s as we became more and more busy. Even so, the line between actual priorities and pseudo-priorities has blurred, especially thanks to multitasking. With that in mind, simplify your life and finances by focusing in on your true, singular priority by creating a daily “hit list” of between one and three tasks that must get done.

If you’re unable to complete anything else for that day, you’ll be able to celebrate knowing that you completed your top three things. This way you’re prioritizing your goals based on what’s most important to you. Perhaps most importantly, you’re also not being carried away by endless distractions.

Tracking Your Spending

Most individuals cringe at the word “budget,” and rightly so. It can often feel like a restriction and obligation. But in actuality, tracking your spending with a budget can help you regain control of your finances so you have more freedom.

Instead of taking a back seat to where your money goes, track your spending. Being more mindful of where it’s spent will put you back in the driver’s seat. Needless spending is what actually stops you from achieving your future financial goals.

So this New Year, make a resolution not to create a budget, but to simply write down what you spend money on. After a few months, review the things you’ve purchased and see if they line up with the lifestyle you’re trying to create. You may be surprised at how misaligned your spending is with your values.

Staying Accountable

One of the best decisions I made for my business and my finances was to find an accountability partner to help me stay on track with my goals. It’s great that you make financial resolutions, but one sure-fire way to actually achieve them is by staying accountable to someone who’s working towards the same thing.

Staying accountable could come in the form of an accountability partner, a mastermind group or even hiring a business coach. You’ll have to invest a bit of money and a whole lot of time, but the investment will definitely pay off. A year’s going to go by anyway, so why not make it one that’s filled with actually reaching your goals?

Work with your partner or a friend, or find a support group online—via a blog or private community—who can give you the support and accountability you need. Don’t try to achieve your financial resolutions alone. Find someone who wants to accomplish the same thing, and work with them to stay accountable.

Focusing on the Positives

With all the negative news and gossip that’s shared by social media, TV and other news outlets, it’s easy to become focused on the many things you didn’t get done in any given day. It’s becoming more and more difficult to focus on the joys and positives of everyday life. But don’t let that hinder your progress.

At the end of each week, I sit down and write out a complete list of everything I accomplished that week. I like to think of it as a done list instead of a to-do list! It reminds me that no matter what happened that week, I was still able to prioritize what was important and get something done.

Record the results, and then celebrate your financial and business wins. Then after a few months you can look back over all the positive things you’ve accomplished and take note of how far you’ve come.

If you’ve been struggling to achieve your financial goals every year, use these mindfulness techniques to breath a little life back into your business. You’ll find that you’re not only happier and more fulfilled in your work but are free from the guilt of not accomplishing the goals you set.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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