The Truth About New Year’s Resolutions

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It’s that time of year again. The time where we reflect on the past twelve months and set our sights on the year ahead. For many of us, that means making New Year’s resolutions.

The most popular resolutions are usually around health and fitness, followed by financial goals, relationships, and self-improvement. But how successful are we at actually achieving our New Year’s resolutions?

According to a study by the University of Scranton, only 8% of people achieve their New Year’s resolutions. That’s a pretty dismal success rate. So why do we continue to make resolutions year after year if we’re not very good at achieving them?

There are a few theories. One is that we set our resolutions too high. We’re too ambitious and we expect too much of ourselves. This can lead to frustration and disappointment when we don’t meet our goals.

Another theory is that we don’t have a specific plan for how we’re going to achieve our resolutions. We might say we want to lose weight, but we don’t have a concrete plan for how we’re going to do it. We might say we want to save money, but we don’t have a budget or a specific savings goal.

Whatever the reason, the fact remains that most of us are not very successful at achieving our New Year’s resolutions. So what can we do to increase our chances of success?

Here are a few tips:

1. Be realistic. Don’t set your sights too high. If you want to lose weight, don’t resolve to lose 50 pounds in one month. That’s not realistic and it’s not healthy. Set a more realistic goal, such as losing 10 pounds in three months.

2. Make a plan. Don’t just say you want to lose weight. Decide how you’re going to do it. Are you going to diet? Exercise? Both? What kind of diet or exercise plan will you follow?

3. Set a deadline. Don’t just say you want to save money. Decide how much you want to save and by when. This will help you stay on track and motivated.

4. Tell someone. Telling someone about your resolution will make you more accountable. If you’re trying to lose weight, tell your spouse, friend, or family member. If you’re trying to save money, tell your financial planner or accountant.

5. Write it down. Studies have shown that people who write down their goals are more likely to achieve them. So, write down your resolution and post it where you’ll see it every day.

6. Take small steps. Instead of trying to make a huge change all at once, take small steps. If you want to lose weight, start by cutting out processed foods. If you want to save money, start by cutting back on your coffee habit.

7. Reward yourself. When you reach small milestones, reward yourself. This will help you stay motivated and on track. If you lose 5 pounds, buy yourself a new pair of shoes. If you save $500, take a weekend trip.

8. Be patient. Don’t expect to achieve your goal overnight. Change takes time. So, be patient and keep working at it.

Making a New Year’s resolution is a great way to start the year off on the right foot. But don’t be discouraged if you don’t achieve your goal. Just keep working at it and you’ll eventually get there.

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