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Personal Finance
Tackle two New Year’s goals at once with this simple tip
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Tackle two New Year’s goals at once with this simple tip

Tackle two New Year’s goals at once with this simple tip

Tackle two New Year’s goals at once with this simple tip

If you’re the type of person who likes to make New Year’s resolutions, you probably already have a list of your goals for 2018 — and hopefully you’re off to a great start.

This year, one of my goals is to set aside money for some home improvement projects down the road.

RELATED: How to save $2,018 in 2018 with the New Year’s money challenge

But I also have a few things that I want to accomplish in other areas of my life — not related to personal finance — so I’m one of those people with more than one New Year’s resolution.

Is there a way to tackle multiple goals at the same time? Here’s the strategy I came up with…

2018 goals: Use this simple trick to keep two New Year’s resolutions at once

My two New Year’s resolutions have to do with health and money. I want to exercise at least four days a week and save an extra $2,000 for the home projects.

Most people would work toward achieving these goals separately, but I’ve decided to bring them together.

Here’s how: For every week that I exercise at least four times, I plan to transfer $50 to a savings account for my upcoming home renovations.

If I meet my workout goal every week this year, that means I’ll have to transfer a total of $2,600 to my bank account.

By linking my health and money goals through this rewards system, my hope is that I’ll be motivated to stay with the program and reach both of them.

This strategy can work for other New Year’s resolutions as well. Here are some examples:

  1. If your goal is to avoid fast food, set aside $25 for every week that you don’t visit the drive-thru.
  2. Ready to quit smoking? Figure out how much you spend on cigarettes every week and transfer that amount to a savings account as you kick the habit.
  3. If your goal is to organize your home, stash away $100 for every room that you declutter.

RELATED: A monthly New Year’s plan to declutter your home

One of the reasons that people give up on their goals is that they lose interest quickly. Maybe this trick is just what you need to make your New Year’s resolutions stick this year!

What are your money goals for 2018? Share them on Facebook, Twitter or in the comments below.

Team Clark’s guide to save more, spend less in 2018: 

Read More

The Latest Headlines You Need To Know

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Related: Amazon announces final 20 cities in the running for second headquarters “Thank you to all 238 communities that submitted proposals,” Holly Sullivan, an executive with Amazon Public Policy, said in a statement. “Getting from 238 to 20 was very tough – all the proposals showed tremendous enthusiasm and creativity. Through this process we learned about many new communities across North America that we will consider as locations for future infrastructure investment and job creation.” Related: 5 things to know about Amazon With the possibility of HQ2 coming to metropoles scattered across the U.S., thousands of eager job seekers are already contemplating their next career move, and hoping that move is headed toward Amazon. Pulling from Amazon’s current job listings in web services, corporate, Amazon Alexa and other device teams, these are some of the highest- and lowest-paying positions at Amazon. Pay estimates are provided by Paysa.com, an online career and hiring site that uses artificial intelligence and real-world salary insights. The following salaries are estimates, which include salary and benefits. Best-paying Amazon jobs: Principal Business Development Manager - Average: $529,000 This position requires 10+ years experience at the director level of working in security intelligence software for technology companies. The role would be involved in the strategic business development plan for the company and work with existing security intelligence products, field organizations and business development. Principal Software Development Engineer - Average: $414,000 The principal engineer will be the technical lead for the Amazon Devices team. The engineer will also design and select appropriate imaging and sensing systems. The position requires at least a Bachelor of Science degree in computer science, five years of experience leading junior engineers and 10 years of software engineering experience. Prinicipal Technical Program Manager - Average: $290,000 The principal technical program manager will lead the technical strategy and program management of Elastic Block Storage-specific services and products that will revolutionize industries across the globe. The position requires 10 years of experience in system software/hardware product development, including technical program leadership of computer system, storage devices, etc. Global Leader of Sales Strategy - Average: $233,000 This role will focus on developing and driving strategy, analytics and data management to optimize the rapid growth of Amazon’s cloud business. A bachelor’s degree is required as well as 15+ years of experience in both enterprise technology sales and sales operation. 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