Spend less, save more, pay down debt — how can you make 2022 the year you actually stick to these and other financial resolutions?

As an Oregonians member, we want to give you the resources to stand strong financially this year. Need to put together a budget or a debt repayment plan? Are you trying to save for your first home purchase, or increase your credit score? Let us be your guide and put a plan together with you. You can reach out to us at any time, but we’ll start by providing a list of tips to help you achieve whatever your 2022 financial goals are.

Set Measurable Goals
Don’t just resolve to have a better relationship with money this year; set realistic, measurable goals to help you stay on track and ensure you’re actually making progress. To make it easier, keep those goals SMART: 

Spend Mindfully
Creating a budget can take some time and lots of number crunching, but the real challenge of financial wellness is actually sticking to that budget. And one reason many people don’t keep to their budget is because they spend money without consciously thinking. 

Resolve to be more mindful about your spending, which means actually thinking about what you’re doing when you pay for a purchase of any kind. You can accomplish this by taking a moment to think about what you’re buying and how much you’re paying for it. Gain a little more awareness about your spending by staying off your phone while completing in-store transactions.

Partner Up With a Friend
It’s basic psychology: When we have to answer to someone, we’re more likely to stick to our resolutions. Choose a friend who’s in a similar financial bracket as you and has a comparable relationship with money. Ideally, they will also have the same resolve to set and stick to those financial resolutions together. 

Write It Down
In an era where some people can go without touching a pen and paper for days, writing down New Year’s resolutions can seem obsolete, but that doesn’t mean it shouldn’t happen. The act of putting your financial resolutions into writing will help to imprint them on your memory. Plus, you’ll have a list of your resolutions to reference throughout the year to help keep you on track. 

Sticking to your financial resolutions isn’t easy. Follow the tips outlined above to make 2022 the year you get your finances into shape. 

Your Turn: What are your financial resolutions for 2022? Share them with us in the comments.