It’s been a month and a half since we all made our resolutions, so it’s time to check in on how we are doing. Many of my resolutions are trackable in PIMYU, making it considerably easier to see how we are doing. Whether you have set your resolutions through goals, savings, or spending, as long as you are keeping your expenses up to date, you can review reports (and if you aren’t keeping up, now is a good time to get caught up).
– Start by running an analysis on your current expenses. This will help you see where you have spent the most money and how you have been doing on your discretionary spending. This is a great place to start to make sure you aren’t overspending and to figure out which areas need work.
– Go more in depth by checking the reports. Target your guilty spending habits so that you can start fixing them now. If you can figure out where and when you are most likely to binge spend, you can start being more aware of when a binge is likely to occur so you can prevent those bad habits.
– Check in on your savings to make sure you are saving roughly as much as you had planned. If not, think about setting up automatic transfers to your savings account on payday. When you get accustomed to not having that extra bit, you will find that saving becomes a lot easier. And when you need money, you won’t have to use your credit card or take out a loan because the money will be available.
– Check on your goals. These should be different than your savings. Savings is money you actually have saved, while goals are what you would like to save for different uses. If you don’t have any goals, set up one or two.
Making time to do this regularly will help you stay on track over the course of the year. Ultimately, meeting those resolutions is about getting accustomed to a different routine.