Your Money Resolutions (and How to Stick to Them!)

Author bio: Ksenia Yudina is the Founder and CEO of UNest, the first mobile app that makes it easier than ever before for parents to save for their children’s future.

Ksenia is an entrepreneur and financial expert with over ten years of experience in the financial industry. As a wealth manager she helped affluent parents access smarter saving and investment options.

She founded UNest to extend the same financial acumen to parents across all income levels and backgrounds. To date, UNest has helped tens of thousands of parents save millions of dollars for their kids’ future. 

The Christmas tree is gone. The holiday lights are down. Now is the time to get serious about your money. That could mean a pledge to yourself to be a touch more frugal in 2021, or maybe it’s time for a road trip. Whether you’re looking to save or spend a little, let’s look ahead and get 2021 off to a flying financial start with some doable New Year’s resolutions.

One thing before we start — setting your resolutions is the easiest part. Sticking to them? Not so simple for most people.

We’re here to help with some practical tips on bringing out the steely resolve within you!

It Doesn’t Take Long to Reap the Rewards

Most resolutions benefit from two things upfront — baby steps and a decently defined financial goal. Start by committing a little time. Don’t worry, this won’t take over your schedule (although it will likely help you relax more!).

How often you monitor your money varies from person to person but try to carve out at least 30 minutes a week, as a minimum, to review your goals, and the accounts associated with them.

Look at bank, credit card, and savings statements. Also, review your bills, upcoming planned expenses like vacations, and longer-term considerations like your kid’s education, or even your retirement.

Here’s some practical action steps that will help you stay on track:

  1. Reachable goals: Overreaching in your financial goals can quickly lead to disillusionment and to their swift abandonment.Set goals that provide you with validation and encourage you to stay the course. Hit some immediate targets and your financial goals become attainable, and the rewards more tangible.
  2. Recruit help: Get the people around you to help you reach your goals. Chances are, they will also benefit on some level if you succeed. It may just be the joy of seeing you freed of money woes, but if people care for you, get them to hold you accountable.
  3. Positive visualization: Starting with your family financial goals, take a step into the future and paint a picture of all the beautiful (and quite possibly expensive!) life events awaiting you and your kids.Imagine your kid’s moving into their first apartment, their wedding, or sending them off to college. It’s the perfect thought process to make your financial goals a reality.
  4. Equip yourself: How do you turn your goals into action plans and a path forward? You need tools and apps that make it easy to realize your dreamland in some cases share the financial burden.As an example, UNest’s Investment Account for Kids helps parents plan a bright future for their family. It also brings other family members into the mix by allowing them to contribute to a kid’s saving plan.

Following these steps will give you a head start in kissing 2020 goodbye (good riddance!) and setting you on a financial path that will pay dividends way beyond 2021!

About UNest

UNest's fintech app helps parents save and invest in their children's future. The company's iOS and Android apps have achieved an outstanding level of success since becoming widely available across the United States in February 2020.

UNest demystifies the previously complex process of setting up saving plans for education and other important life stages with a paperless approach that takes only five minutes to set up.

UNest's team has decades of experience as certified financial advisors, technologists, and entrepreneurs at financial industry leaders including Capital Group, Marqeta, Union Bank, and Acorns. UNest is a fully accredited and registered financial advisor regulated by the SEC.

Josh founded Money Buffalo in 2015 to help people get out of debt and make smart financial decisions. He is currently a full-time personal finance writer with work featured in Forbes Advisor, Fox Business, and Credible.