Suze Orman TwitterSuze Orman FacebookSuze Orman YouTubeSuze Orman LinkedIn
View Blog & News List

Financial Resolutions for 2017? Just Do This One Thing

December 29, 2016 at 5:00 AM

If you have been making a long list of resolutions for the New Year, my advice is to rip it up.

You have the best of intentions, but the reality is that for the vast majority of us, resolutions made at the New Year are broken, long forgotten or just off the radar by early Spring. And that makes you feel doubly awful. You beat yourself up because you didn’t reach your goals, and you focus on what you didn’t achieve.

I have a better plan when it comes to your financial life.

One and Done. I want you to choose one financial goal to focus on in 2017. Just one. Don’t tell me you can handle more. Overloading yourself with a laundry list of goals is a recipe for frustration. Things slip through the cracks, you fall behind, and then you end up spending the rest of the year beating yourself up about everything you didn’t achieve.

My wish for you in 2017 is 100% success. And the best way to make that happen is to do one thing really, really well. With all your energy directed at one goal, I am confident you can knock it out of the park.

It’s up to you to decide what your goal should be. I want it to have maximum impact not solely on your finances, but on how you feel about yourself.

Don’t make this about something your should do. Make it about something you want to do. Identify the one change in 2017 that would make you feel like you took a nice step forward in building financial security. Maybe that’s adding $50 every month to your credit card payment to whittle down a balance. Maybe it’s focusing on making this the year you build up your emergency savings. Or maybe this is the year you promise yourself to spend two hours a month reading about investing and money so you feel more on top of your retirement savings.

Once you settle on your 2017 goal, I want you to write it down as a mantra. One simple sentence you can easily remember.

“I am building my emergency savings, so I can feel more secure.”
“I am learning about investing so I can feel more in control of my retirement savings.”
“I am going to take care of my loved ones by focusing on life insurance and my must-have documents.”

Once a day you are to repeat your mantra at least three times. When we get in the habit of thinking about something on a daily basis, it helps focus and motivate us to get the job done.

One at a Time
I meant what I said: If you do just this one thing, you have done a great job. But if after three or four months you have polished off the goal, or it has become second nature, fully incorporated into your life, then I encourage you to think about adding a new goal. Then in a few months, if you’ve got that goal checked off, add another new goal. If you take this “One at a Time” approach I can tell you right now that 2017 will be the year you make incredible progress on your road to financial freedom.



Tag Cloud

Suze Orman's Money WarsInvest for savings growthmeet monthly higher monthly paymentdebt freeenjoy saving closing disclosurecredit cardraising mortgage rates dental savings planpay credit debt ASAPdepreciating asset Death Benefitaffordable premiumverify retirement plan with HR or plan sponsorBaby Boomersopen enrollment review kid borrow firstspring summer Eric Dodge reduce monthly paymentCredit Card Rate IncreaseMust Have Documentswould you decline a bonusheartachepurely financial standpointrefinanceno life insurance financially irresponsibleFederal Funds RateRevocable TrustFinancial Systemclosing feesInterestno splurge Warner Bros Television Grouphealthy youpeace of mindNew York Lifeworkaholicdon't do five year car loanpay interest while in schoolmortgage disclosureCommencement10 year repayment plan FHA loan feesSwap Older Annuities or Life Insurance car buying mistakesno negativityFederal Stafford loanEasy Life Insurance universal college accessLTC shoppingrequire chore in exchange for allowanceemployer offered life insuranceEmergency Savingssuccessdental insurance property taxidentity theftMost Influential Celebrities List3 savings buckets Final Goodbyewrite new goaltax refund fraudfinancial goal phrasealternative FICO scorefraudulent returnAlarm Clockgift up to 14,000How To Build Creditwomen outlive menChanging LivesCOLAno fee transferpositiveretirement plancredit managementloan is giftloan necessityConventional loan PMISuze Orman Scholarshipallowance taskhome insurancecollege graduatedoctors in networkearn allowancehealthy aging Suze approvedHoliday Shoppingsecure creditat worst still pay 75% benefitPost-Divorcealways use all paid time offdebit cardoverspend on nights outretirementGoodbyeInfluentialsemergency fund savingspaying for collegecompare monthly expensesmake saving a pleasureno tax on withdrawlsBankruptcyinterest capitalizationMothercan you afford itco-sign no private loansmultiple lenderslife insuranceonly offered while employed Money-Savingtoo expensive schoolget credit cardpush yourself to save more for retirementLTCi ASAPlowest cost fund optionpay off debtface your financial fearreal estate marketbest interest ratesjuggle multiple financial goalscredit reportrefundCPI-Wmax employee matchpublic service career student loan repayment don't ignore open enrollment20 year level term AccuQuote.comSelfishkids schedule paymentsbreakdown projected monthly housing costpercentage of women widowed 75-842017 Taxesno late fee savingsnegotiate points with bank or sellerdon't extend mortgage protect and provide for minor child Prime Rate IncreaseCiti Simplicity Card physical healthnew carbetter loan dealsinitial tax break retirement accountsMass Mutualconsider roth 401(k)term life insuranceSuze Orman spouse Kathy Travistelevision hostrising home prices740 credit scoremoney vowsterm insurancedoctor no longer in networkhigh deductible health care planunder 18 financial giftFederal PLUS loan15 year mortgagePrime Rate Rise 2015Staffords this year have a fixed 6.8% interest ratemortgagezero rate transfer dealssocial security never insolventFinancial Gift CliffHSA tax savingsburn outlong term carefinancial independenceStock Investmentspreexisting condition not covered30 year mortgage low mileage discounteight month living expense valentines dayFixed Rate Mortgage2016 adjust withholdingfinancing car reduce withholdingholiday spendingbuy home you can affordchildren's bookpay high rate off firstlower interest rateovercome financial fearsmonthly benefit earn more on savingscut monthly cellular billcomparison shoppingemotional stakeshome ownershippay more than minimumborrowing plan contribution increase retirement contribution ratebest loan deal cnbc alarm clockCredit Card Interest Rateincrease retirement savingscost of capitalization calculator401Kone annual feehigh FICO scoreCommunication Skills MoneyUniversity of Illinoispay down car loangay marriage ban end Florida age appropriate chorenot gender specific approved medical 100% tax-freeadd teenrequired disclosuredream schoolFinancial Awareness401(k) ContributionsUrbana-Champaignanticipated salary19 years cash flow problemorigination feesplanARM Caution2015 financial roadmapFICO at least 720Mortgage Credit Availability IndexSandy Hook Elementary Schoolmaintain standard of livingcollege studentignore 6 month grace period loan big picture lower ratelong-term care worst financial mistakeUniversity of Floridadangerous retirement planRetirement Incomeprovider of financial supportfull retirement agedon't use allowance as bribeThe Suze Orman Showsave Suze Ormandon't spend charges on credit cardultimate compounding giftkeep a schedulehigher insurance deductibleavoid burn outfederal student loan deferment yours, mine & ours50 over 50teens and moneyget the most out of social security Financial Cliffbad retirement planninghigh down paymentFree Debt Eliminatordon't cover cosmetic dentistrygrandparent IRA contribution costly insurance mistakeCivil RightsUS Tax Codeshop online guaranteed level term policyprotect dependent student3% debt transferred premiumallowanceraising interest ratesFinancial Power of AttorneyStudent DebtGay Couplesrollover3 step financial road mapwives should be involved in retirementpublic service loan forgiveness programno waiting periodthree year car loanback door Roth IRAconfidentpay 100% cashidentity fraudtraditional vs roth 401(k)Phyllis Shelton expert long-term careTeachFinancialbuy down better termsget over life insurance phobiastandard deduction responsible with moneyreduce interest rate!00% tuition paidstudent loan debtsocial security not going brokedear suzedo you need life insurancepresident Obamaincreased auto insurance premiumstore credit cardsmortgage brokerrepay student loanspoint cost offset by savingsfile asapprotect your familybill paying prioritiesinsurancegrandchild summer job IRA contributionincrease emergency savingsForbes Top 10savings pleasuresummer job match income staycationno interestcut monthly cable billAARPautomatic withdraw to savings HDHP/HSAfinancial argumentsonly refinance if it paysLifestyledangerous money seasonhealthy teethLegal Guardiansame sex marriage band end Floridaraise deductiblesSatisfyingCory Bookersmall changes long term goalHoliday Seasonpay down student loan debtfamily save at least $100 monthlylive below your meansunexpected expenseFICO credit score credit card mortgageautomate student loan paymentsloved ones dependent on incomenon conventional routeAuto Savings exercise reguarly4 Must Have Documents gift not loanstay positiveprotect loved ones Love20% equitynot enough life insurancesetup automatic savings withdrawmobile app8 RulesWall StreetOne Wallet At A Timegraduationborrow each year, capitalization is going to pile up Long Term Care premiumsMoney Marketbad decisions6 month waiting periodmax benefit coveredinsurance yearly reviewstrained relationshipbuying car 2016Newtowncar leasingPay Off Debt Before Retirementincentives for health care wellness screeningone credit cardCNBCstudent loan repaymentlearn good financial choicesFRAis it kind?High Credit Scoretax ID theftbuy homebudgetAARP Social security calculatorlower mortgage interestpercentage men widowed 75-84closing costs 2% of loantake actioncredit utilization ratedon't charge a pennyadjust allocations School of Social WorkETF'ssocial work10% donate to charityreal estate mistakescredit unionhealthy retirement blood pressureSpending2016 adjust estimated taxteach importance of helping othersSuze is my biggest mentorfour steps to retirement savings focus on needssecured cardno retirement funds for down paymenthome buying mistakesFICO ScoreRetirement Savingsretirment savingsJose RodriguezEmployer Matched Contributionhealthy retirement weightPBS SpecialLong Term Care shoppingiffy incomeAmericans don't use all paid vacation timebalance transfer monthly dental insurance premiumoverspend on giftsemergency fund CD'semployer funding HSAbetter loan ratesNew american Dream Sandy Hook PromiseWashingtonmarriage financial responsibilityquick closingdon't derail retirement savingsdon't defer interest paymentsFinancial Awareness Video FestivalStudent Loanhousing marketbe kind to yourselfis it necessaryknow before you oweno private loanRevocable Living Trustadult childrenhome budget after tax costfocus on new truth children under 18Veterinary Schoolinterest on student loansdebtGift20% down payment avoid feesOverspendingfinancial concernBankhome buying budgetsidelinedwomen long term carestandard ratedo not pay allowance for good behaviorhighest possible benefitFederal Reserveraise your deductiblereplace permanent life insurance with termGiftsfinancial aid20% down paymentFinancial Solutions For You15-year refinance dealmortgage interest tax deductionwomen longer life spanmental healthspeak new goalpowerfulschool healthy gumsrent vs buyteensshort term goal RichFundsSelectQuote.comschedule vacationExhibitionresponsiblebecome member social securityget health insurancebe true to yourselfFinancial Educatorno apologyteach your child good money habitshome buying seasonInfluential Celebrityitemized deductionno sneaking in feesstudent loan repayment estimatoraffordabilitywaive home inspection bidraise insurance deductibleFiscal ResponsibilityRoth 401(k)community collegefile taxes quicklyHigh FICO Score = Better Rateretain separate credit cardsGraceSave Us Moneycompare provider pricinglow credit scoreIRA contribution gifted moneyverify wellness screening and programslower premiumcalculate dependents annual income needsletter to suzeMinor Children money-aware childVital Documentssave moneyStudent Debt Crisiswomen live longer3 bucket approachspecial saving accountAdequate Auto and Home InsurancePersonal FinanceMarlo ThomasBill and Pennyderailed planDurable Power of Attorney for Health CareForbesjanuary billsgift grandchild IRA contributiondon't blow tax refund8 month emergency fundlower overall drug costannual cost of living adjustmentswitch to roth 401(k)Financial Advice2015 record year car salesmanage student loansautomatic paymentcontribute household expenses couple financesGay Rightshome loan credit score below 740 referrals Credit scoreinsurance mistakecreate new truthdon't buy wantslife insurance name trust as beneficiarybig results car loanTelepicturesstretch out haircut appointmentsritual schedulemarriage inequalitycommunity bankcostly legal switch to spouse coverageARMtitle insuranceaccelerate dental workBeautyback-to-school budgethigh premiumsfinancial fearsvalue moneyYoung Adult HDHP low-cost index mutual fund40% toward financial goaldeath benefit needs for familyadvice for college graduatesage appropriate goalsconfident of solutionHolidaylousy investmentbuying a carbe good exampleLong Term Care Insurance max employer matched 401(k) contributiondental discount planhigh credit score discountAshley SpringerHDHP'sescrowCombo Insurance Productsleave a legacyhome related tax break bonus 8 month safety netnear historic lowscommitWillprescription tierstudent loan repayment planlow down paymentroth irashorter payback periodis it necessary?loan no longer than 36monthsCollege of Veterinary MedicineInflation Benefitoverspend on dining outlong-term care premiumseliminate credit card debtdeath benefit 20 to 25 times annual incomeSuze changed my lifeHDHP's are not badtaxeslet them have 50% controlpermanent life insuranceAmy Lacyet20 to 25 times annual incomeunsubsidized Stafford loanHeartForeclosureis it true? HDHP's are good for youpaid in fullLTCsame-sex marriagepaid vacation

View Blog & News List
People First. Then Money. Then Things.
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
© 2017 Suze Orman Media Inc. All rights reserved.
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel