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How to Stick to Your 2023 Financial Resolutions

present of money

How to Stick to Your 2023 Financial Resolutions

New year, new money habits. Every year, many aim to spend less, save more, pay down their debt — how can you make 2023 the year you actually stick to your financial resolutions? Here’s a list of helpful tips that might just make 2023 the year you achieve your dreamiest resolutions.

Set measurable goals

Don’t just resolve to be better 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, make sure the goals you set are SMART:






Goals that follow these 5 rules have been proven much more attainable than those that don’t.

Spend mindfully

Creating a budget can take time and lots of number crunching, but the real challenge of financial wellness is sticking to that budget. And one reason many people don’t keep to their budget is that 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.

To make it even easier, use a money management app to help track your spending, find your weak areas, and stay accountable for your friend.

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 2023 the year you get your finances into shape. Find more like this on our MoneySmart Tips blog and happy new year from all of us at Elevate Credit Union.


. On Wednesday, June 19, 2024, Elevate will be closed for Juneteenth, AND our Garland ATM will be unavailable while we get our roof replaced.