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Keep Your Money Habits Going


By: GreenPath Financial Wellness

These are challenging times in many ways, but the bright side is that many people have developed strong, positive money habits that make a favorable impact on their financial future.

You’re getting it right!

You’ve made a goal to get out of debt and you’ve taken the steps to make it happen. That’s a game-changer. It takes tenacity, commitment and a positive “I Can Do It” attitude to make strides in developing new habits.

Remember it can be helpful to keep that momentum going in the New Year. You’re on the right track, and the New Year brings great incentive to stay the course with — and improve upon —?what is working for you.


Whatever your financial situation, take our 3-minute assessment and we’ll work with you to create personalized steps for moving forward.


Things to keep in mind in order to inspire and renew your commitment to financial health include these tips:

  • Write down your specific goals. You’ve made progress but for most people, there might still be more to do. Refresh those goals by:
    • Laying out how much debt you have to pay off. Perhaps your financial situation has changed during the past year as you have begun paying off debt and making solid financial decisions. Take a good look at where you stand.
    • Revisiting your monthly spending plan or budget. Perhaps you’ve paid off one credit card so you can devote more money to another. Take a fresh look at how much money you have to work with, what you need to set aside for other bills and living expenses, and how much you can devote to your goal from each paycheck.
    • Asking yourself: How will I accomplish my goals? How much will I devote to achieving those results and how often? How will I set money aside?
    • Giving yourself deadlines and setting mini-goals along the way. It’s important to break your goal into smaller milestones. This makes it easier to see your progress. It is also much less intimidating to reach for smaller, attainable goals. Those smaller changes over time are often easier to achieve than trying to make a massive change all at once. But in the end, you’ve accomplished the major goal by hitting minor milestones.
  • Be Positive and Realistic. Making sure your goals are realistic increases your chances for success. Goals can challenge you and help you grow into a new future, however choosing a goal that is attainable is an important part of success. Ask yourself: “Is it realistic to spend $200 on my goal each month? Is it possible to pay it off even faster by spending $250 a month? Or does my budget only allow for $100?” Planning your budget each month can show you how much money you can devote to achieving your financial resolution.
  • Keep Track of Your Progress. Researchers have noted that making a goal measurable will help it stick. Keeping track of your progress, and watching your pay off balance shrink, can help you stay focused and motivated. As you “check off” milestones and “to-do’s,” you will see your healthier financial future getting closer and closer, and be even more inspired.
  • Celebrate Milestones. Achieving a financial goal is cause for celebration.? Take time to observe your successes along the way. Being your own cheerleader is actually a good way to reinforce your new habits, which in turn makes it easier to stay on track if you hit a bump in the road at some point. Take our Redesign Your Financial Habits course to learn more.

Finally, it can be helpful to remind yourself that you can do this, which is a message shared in GreenPath’s post on goals that stick.

Eliminating debt, learning new spending habits, and building savings are choices that can change your life. They can affect your overall well-being by reducing stress levels.

This new year is a great time to refresh your goals, make new milestones, and commit to your financial health. Having a plan, using your resources, and keeping information at hand will help you succeed. And you’ve taken that important first step. Stay positive because 2022 will be even better.

For specifics on how a debt management plan can be a part of your new habits, GreenPath counselors are here to help.

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