Newspaper article The Daily Mercury (Mackay, Australia)

Make Money Goals a Reality

Newspaper article The Daily Mercury (Mackay, Australia)

Make Money Goals a Reality

Article excerpt

AUSTRALIANS love making new year resolutions, but we're not very good at sticking with them.

Comparison site Finder says three out of five of us will fail to fulfil our new year resolutions.

With about 12% of resolutions likely to involve money matters, it's worth embracing a few simple steps to help turn your 2016 financial goals into reality.

Our tendency to tackle too many goals at one time is a key reason for resolutions failing, so try setting just one target for yourself and make it achievable.

We'd all like to be billionaires by December, but it's not going happen for most of us. However, we can all achieve small but worthwhile targets - like paying an extra $50 off the credit card each month or investing $50 every week into super or a managed fund.

Stick with these modest goals and over time they can make a significant difference to your financial health. Make a note to monitor your progress too. One in four of us break our new year resolutions because we don't track how our goal is progressing. …

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