This article provides tips on achieving financial goals by focusing on building sustainable habits rather than setting unrealistic resolutions. It emphasizes the importance of regularly checking bank accounts and reviewing bills to identify savings opportunities.
Many of us use January as a time to take control of our finances and set goals and intentions for the year ahead. But despite our best intentions, a recent study by Forbes found the average New Year's resolution lasts just 3.74 months, as more often than not, the goals we set for ourselves are so huge it’s impossible to know how to achieve them.
Instead, the key to achieving a huge financial goal - whether that’s to rid yourself of debt, save a certain amount of money, or increase your pension pot - is setting habits. The goal is what you want to achieve by the end of the year, but the habits - the things you do regularly - are the process that will get you there. Check your accounts regularly It might seem like an obvious one, but regularly checking your bank accounts means you’ll know exactly what’s coming in, what’s going out and what you can afford to spend right now. Even better, it means you can stop problems in their tracks; whether that be fraudulent charges or simply being a little too close to your overdraft (and the fees that come along with it) than you’d like. So throughout 2025, make checking your accounts a priority. This might be a weekly sit-down session where you review what you’ve spent and what you’ve got left to spend – or, if it feels more achievable - a quick balance check once per day. Regularly review your bills Bills might be essential, but it doesn’t mean they’re set in stone. Setting aside some time to go through your utility, broadband and phone bills a couple of times in 2025 could potentially save you hundreds of pounds. Use comparison sites to see if you could reduce your monthly or annual outgoings for broadband, TV and mobile services, as well as car, home, life and pet insurance payments - especially if you’re out of contract or it’s due for renewal. If you do spot cheaper deals, it’s always worth haggling with your current provider, who’ll often be keen to keep you on boar
FINANCE HABITS BUDGETING SAVINGS NEW YEAR's RESOLUTIONS
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