Category: Money Matters
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Sub category: Saving
29 January 2015

Willpower waning? 5 tips to help you stick to your goals

The start of the year is a popular time for setting goals and dreaming big. While motivation is often at a peak when it comes to making New Year resolutions, there’s no arguing that following through and maintaining enthusiasm over the longer term is that much harder.

Over half (53.1%) of respondents to an ING Global poll revealed they have a financial resolution this year, yet just half of those who made a similar resolution last year managed to keep it.

Willpower waning? Here are 5 quick tips for making your resolutions last:

1. Choose your goal carefully

Sticking to your goal is easier if it’s something you really want so be clear on what you want to achieve and ensure it will deliver a reward worth striving for.

2. Break your goal into smaller steps

Big goals may seem overwhelming so consider breaking them down into smaller steps. For example, if you are aiming to save $6,000 by the end of the year, setting yourself a goal of $500 a month can feel more manageable.

3. Tell your friends

Get your friends on your side by sharing your goals with them.  Knowing people will ask how you’re doing can help you feel accountable. Plus, some extra encouragement can always come in handy.

4. Imagine the reward

When the going gets tough, keep focused by imagining how you’ll feel when you reach your goal. Whether it’s travelling through Europe, driving your new car or enjoying your newly landscaped garden, keeping the reward in mind can help you stay motivated.

5. Review and renew

Track your progress at regular intervals, so you know you’re on the right path to achieving your goal. These little milestones all count, so enjoy the feeling of success, renew your motivation and keep on going.

The information is current as at publication. Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Deposit products, savings products, credit card and home loan products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823. ING Living Super (which is part of the ING Superannuation Fund ABN 13 355 603 448) is issued by Diversa Trustees Limited ABN 49 006 421 638, AFSL 235153 RSE L0000635. The insurance cover offered by ING Living Super is provided by Metlife Insurance Limited ABN 75 004 274 882, AFSL 238096. ING Home and Contents Insurance is issued by Auto & General Insurance Company Limited (AGIC) ABN 42 111 586 353 AFSL Licence No 285571 as insurer. It is distributed by Auto & General Services Pty Ltd (AGS) ABN 61 003 617 909 AFSL 241411 and by ING as an Authorised Representative AR 1247634 of AGS. All applications for credit are subject to ING's credit approval criteria, and fees and charges apply. You should consider the relevant Product Disclosure Statement, Terms and Conditions, Fees and Limits Schedule, Financial Services Guide, Key Facts Sheet and Credit Guide available at ing.com.au when deciding whether to acquire, or to continue to hold, a product. Before interacting with us via our social media platforms, please take a minute to familiarise yourself with our Social Media User Terms https://www.ing.com.au/pdf/Social_Media_User_Terms.pdf.

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