Most Australians are the first to give up on their resolve to start a healthier, more prosperous New Year, but breaking down their goals into smaller chunks increases their chances of success, according to experts.
Health and financial goals are a big part of the solution, with exercise and a healthy diet being the most common, according to research from fitness app MyFitnessPal.
Nutritionist Susie Burrell says unrealistic New Year’s resolutions can actually do more harm than good, and breaking challenges into bite-sized pieces is one way to improve success. It says there is
“By building habits little by little, rather than focusing on the distant goal of feeling happy, you’ll often have small wins to keep you motivated,” Burrell said.
Focusing on one small goal at a time, such as preparing meals the night before or going to the gym three to four times a week, helps you balance the realities and solutions of a busy life.
Recruiting friends to provide support and accountability can also help. You can also let go of the “all or nothing” mentality that causes people to throw in the towel after a small setback.
The survey shows that economic goals have become more important to Australians this year. When it comes to money, experts agree that “small wins” is the name of the game.
According to a new survey commissioned by iSelect, 35% of Australians want to reduce their cost of living in 2023.
Most respondents (77%) said they plan to do this by cutting back on unnecessary or luxury purchases, with 67% planning to reduce their energy consumption to reduce their electricity bills. Just over half (52%) would like to find a power company. Better deals on household budgets and spending.
Sarah Forman, executive advice for the Aware Super group, said better deals are often available in areas like mortgages and supermarkets where a little shopping is needed.
“Find small wins off your list over the Christmas period,” Forman said.
“If Christmas bonuses or pay raises are on the agenda, consider paying off debt and putting some of it towards savings or voluntary super giving.”
Aiming to pay off non-deductible debt such as auto loans and post-purchase services is another opportunity to improve your financial health.
Foreman also suggests checking Lost Super on MyGov and asking employers if they offer annual benefits like health, sports and education packages.
“Make the most of them before each year’s deadline, or think about how you’ll use the package in the new year,” she said.
“If you are an older Australian, look into the Commonwealth Seniors Health Care Card. You are now open to higher income limits and may be eligible for benefits of around $3,000 a year. “
Australian Associated Press is an Australian news agency.