How to Achieve Your Financial New Year’s Resolutions in 2016

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How to Achieve Your Financial New Year’s Resolutions in 2016

Happy New Year! May 2016 be a successful year for you and your family.

We all know the setting a New Year’s resolution to improve your personal finances and make 2016 better than 2015 is easy, it’s keeping the resolution that’s difficult.

Australian Expatriate Group is holding an exclusive, complimentary event on setting your goals for 2016 and ensuring that you are truly making the most of your personal finances this year. You can find out more and register your complimentary ticket here –

I have outlined six of my top tips for ensuring that you keep your new year’s resolutions.

1. Automate Your Resolutions

‘Out of sight, out of mind’

By automating as many of our personal finance resolutions as possible, we make it much easier for ourselves to achieve them. Your resolution for example might be to save up to purchase an investment property, or to save $1,000 each month for a holiday with your holiday. These can easily be automated by putting the right strategies in place with your bank.

2. Communicate Your Resolutions

Setting your resolutions with your partner or good friend will often lead to a much greater chance of success. You can also monitor your resolutions together and keep each other on track. This could be as simple as arranging a time each week or fortnight to sit down over a glass of wine and track your progress in achieving your personal finance New Year resolutions.

3. Celebrate the Successes

One key aspect of goal-setting is celebrating your successes, no matter how small. Keep track of your progress throughout the year and when you continually achieve your New Year’s resolutions, reward yourself. This could be heading out to see a movie, treating yourself to a nice dinner, or anything that you find motivating. You will be surprised how effective this can be in keeping you on track to achieving your goals.

4. Set SMART Goals

Many of us have heard of the SMART acronym when it comes to goal setting. For those who haven’t, here it is:

  • Specific
  • Measureable
  • Achievable
  • Realistic
  • Time-Bound

All are critical to the success in achieving our New Year’s resolutions.

5. Don’t Give Up

You may find that throughout the year, you start slipping and feeling less motivated in achieving your goals. It’s important to keep pushing forward. If you find in August that you’re slipping behind, pretend that September 1 is the start of a new year and keeping striving toward achieving your goals. It can also be worthwhile to take a step back and remember why you set the goals in the first place. Was it to spend more time with your children? Or to take a holiday with your significant other? Or perhaps to reach financial independence by 50? Remember what’s truly important.

6. Set More Short-Term Targets

Let’s say for example you want to retire in 25 years’ time and know that you’ll need approximately $4M to do so comfortably – sit down with your Financial Adviser and set shorter-term goals along the way and celebrate your successes when you achieve them. Not only will this ensure that you remain on track to achieve your New Year’s resolutions, but it will also make it that much more exciting to be celebrating your success along the way.

Remember to find out more and register your place for our upcoming event on Tuesday 23rd February.

May 2016 be your year of financial success!

Jarrad Brown is an Australian-trained and qualified Fee-Based Financial Adviser with Australian Expatriate Group of Global Financial Consultants Pte Ltd providing specialist financial advice and portfolio management services to international and local professionals in Singapore.

Book a complimentary consultation here.




Jarrad Brown is the trusted fee-based financial adviser in Singapore working with professional expats in the region. An Australian qualified and experienced Financial Adviser, Jarrad provides specialist advice to Australian expats as well as other nationalities.

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