How to Keep Your New Year’s Resolution, Even after Optimism Betrays You!

Even if America had not suffered through an economic tsunami in 2009, managing and eliminating debt would have still been a popular New Year’s resolution for 2010, according to the By the end of December, Americans are so drunk with the optimism of a new year that all kinds of vows are being made. But who really keeps New Year’s resolutions once the sobering reality of the New Year actually arrives?

In the real world, keeping a promise to get out of debt is a challenge, but DON’T GIVE UP!!! The bandwagon is not out of sight just yet  there is plenty of room on it because 36% of the people who made resolutions have already surrendered. It’s only February, and there are numerous ways for someone to still find the motivation that is needed to divorce debt in 2010.

First things first, make sure that you are paying off the debt because it is what you really want or need to do. The desire to pay off debt has to be overwhelming enough to withstand the persuasion to go into more debt. For example, say that beautiful dress that fits you perfectly has just been marked 70% off of its retail price. The desire to get out of debt has to be able to strong-arm your desire to whip out your credit card to buy the dress.

Getting out of debt for your own satisfaction and having a plan are two very significant ways to keep a New Year’s resolution, according to The Daily Record. Create a vision so you can see how stress-free your life will be after reducing or paying off your debt. The vision will serve as the blueprint to your plan. Resolving to get rid of debt without a well thought out strategy is destined to fail. More than likely you have already begun working on a plan in your head. Maybe you justified overspending over the holidays by vowing that you would curb spending in the New Year. Or perhaps you have a plan from a few weeks ago that just needs to be dusted off. However, constantly doing the same thing over and over again and expecting a different result is a form of insanity, so says Albert Einstein. So you need to determine the problems that initially hindered your success. Once the problem areas have been established, create a contingency and get back on your debt diet.

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Don’t be so quick to throw in the towel on your financial resolutions. If everyone in America beat himself up over one or two financial mistakes, the world would be one big bloody pulp. If you vowed to apply your entire tax return to your outstanding debt, but realize now that it’s just not financially possible, apply what you can to the debt and keep on moving. You probably spent years creating the debt that you are trying to pay off, so grade yourself on a curve. Have a game plan and set goals that are financially attainable and you will be one of the 46% of people who actually accomplish their New Year’s resolution.

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