If you’re like most Americans, you’ve probably already given up on your New Year’s resolution. 25% of Americans give up on their New Year’s resolution after less than a week! The problem with New Year’s Financial Resolutions is that the goal is only one year. Unfortunately, money management is a lifelong task. If you need to change your money habits, you don’t have to wait until January 1st to start fresh. You need to start NOW so that you can stop bad money habits that are losing you money and start good habits that make you money. If you are totally overwhelmed by your finances and need to talk it out with someone, that is exactly what we are here for! You can schedule an appointment anytime online at https://unlsmmc.youcanbook.me/
We understand if you’re one of those people who need short-term goals to help them stay motivated. On our holiday financial hub webpage (http://www.unl.edu/smmc/your-holiday-financial-hub) we have some financial resolutions that you can start with this year to put yourself on the path to financial wellness. Two of our favorites are making a budget and enlisting the support of a friend, significant other, or family member.
Budgets are super important, and as many of you may know, are one of our favorite things at the SMMC! We love budgets because they give us a clear picture of where our money is going each month and we don’t have to feel guilty about spending it! The goal of a budget is not to try to stop you from spending money on the things you want. Rather it is to give you the peace of mind that you can afford what you are spending your money on.
Once you make a budget, start saving for a goal, or try to start spending more wisely, you should tell the people closest to you what your plan is. This doesn’t mean you have to tell them that you are only spending $50 on fast food this month. Instead, share with them that you are trying to start budgeting, saving your money, etc. This way they will understand if you suggest getting a RedBox movie instead of going to the theaters so you can save money. They may also begin to encourage you to reach your financial goals. Many students who we meet with are reluctant to tell their friends or family because they feel like they are the only one who doesn’t understand money. In reality, many friends and family have also been through financial struggles and can be good resources and support for you. If you’re still not convinced, you can always come talk to an SMMC representative. Our advising appointments are completely confidential, meaning we will never tell anyone any details about our meeting, or even that you came to meet with us unless you want us to. We won’t even be upset if you don’t say hi to us on campus. 😉 If you still don’t think you can talk to someone about your financial struggles, check out our website for resources (unl.edu/smmc)