2024 has brought a wave of enthusiasm for setting financial goals like never before. But let’s face it, traditional resolutions often fizzle out faster than the bubbles in champagne. That’s why I’m excited to introduce you to a game-changing approach: the RESOLUTION method. Coined by finance expert Georgia Galloway, this method offers a fresh perspective on achieving financial wellness that even the most finance-phobic among us can embrace.
What is the RESOLUTION method?
Unlike traditional goal-setting, the RESOLUTION method breaks down your financial journey into 10 manageable steps. It’s not about overwhelming yourself with grand plans, but rather nurturing your financial health over time. Each letter in “RESOLUTION” represents a step closer to your financial dreams, allowing you to make steady progress without burning out. Let’s dive into each step and learn how to apply them in your life.
R: Reimagine your relationship with money
Start by reevaluating your relationship with money. Whether it’s setting a weekly “money date” with yourself or journaling about your financial past, this step involves self-reflection to better understand your money mindset and behaviors.
E: Establish realistic financial goals
Avoid burnout by setting achievable goals that align with your values and aspirations. Focus on one or two priorities at a time, gradually making progress towards your long-term objectives.
S: See what budget works for you
Customize your budget to fit your lifestyle and financial needs. Regularly review and adapt your budget to ensure it reflects your saving and spending goals accurately.
O: Optimize your spending
Make intentional choices with your money by aligning your spending with your values and goals. Track your expenses and adjust your budget categories to maximize the impact of your spending.
L: Learn about financial literacy
Empower yourself with knowledge about money management, personal finance, and investments.
Explore different learning methods, from podcasts to online resources, to enhance your financial literacy.
U: Use technology to your advantage
Leverage AI-powered apps and tools to simplify budgeting, track your spending, and plan for the future. Explore options like Cleo and Wally to streamline your financial management process.
T: Time and patience
Acknowledge that improving your financial well-being is a gradual process that requires patience and
perseverance. Celebrate your progress and stay committed to your financial goals, one step at a time.
I: Invest in your future
Explore investment opportunities, starting with micro-investing platforms if you’re new to investing. Focus on building wealth for the future while staying mindful of your current financial situation.
O: Optimism—focus on the positives
Maintain a positive mindset and celebrate your financial achievements, no matter how small. Avoid comparing yourself to others, and practice gratitude for your progress along the way.
N: Nurture your financial well-being
Shift your mindset from achieving targets to fostering a healthy relationship with money. Embrace a
positive and forgiving attitude, and prioritize your overall well-being in your financial journey.
How to implement the RESOLUTION Method:
Take a cyclical approach to the RESOLUTION method by addressing one step per month for 10 months of the year. Set aside dedicated time each week to focus on the current step and integrate it into your routine seamlessly. Before you know it, you’ll be on your way to financial success, armed with a practical plan and the confidence to achieve your money goals.
By embracing the RESOLUTION method, you can revolutionize your approach to finances and pave the way for a brighter financial future. Say goodbye to failed resolutions and hello to a sustainable path to financial success. Cheers to crushing your financial goals in 2024 and beyond!
