New year financial resolutions only work when the reasons for doing it are real. The subconscious controls your actions and the subconscious will reject any ‘wish’ as a dream, and will hijack any actions you may be considering. A resolution will be real if your why behind it is real. Now, consider your goals and what you really want to do over six months, a year and five years.

Make them separate. What is the ‘why’ behind them? Your financial goals should be aligned with your values. Ask your family what they think your values are and get them to describe you at your best? Now that you are off the blocks, you’ll need some tokens to achieve that. Some people call tokens ‘money’ these days, but they are just tokens. They give you options, that’s all. Its healthier to think of them that way. Think of your pot of tokens as a great big glass jar full of water and a tap. Your job is to keep pouring into it, and to control the flow of the tap. Nothing else matters in financial planning. Put it safe so it doesn’t fall over of course. Write all your spending down and tag it as ‘needed’ or ‘frittering away’. By doing so you begin to become aware – the first stage of change. If you have some ugly brown envelopes around, open them. It’s OK to feel overwhelmed, we all do it, and it’s OK to try and protect ourselves by procrastinating. That’s normal. But at some point, between now, and 60 years from now, we have to open envelopes. So, when is the best time? Yes, you are right. Take one envelope, open it, deal with it and gain the energy and feeling of acting on it. Rinse, repeat. This gives you back one of the most important emotional strengths that brown envelopes can impact – your feeling of control. Start small, and, one by one, you take control of everything. Look at what causes unhealthy spending. Our nine emotional needs (google ‘what are the human givens’) show that when they are not being met in healthy ways, we meet them in unhealthy ways. Spending, partying, feel good purchases, can be examples of these. So, in the same way we wouldn’t turn the heating up in the house to deal with a broken window, we address these emotional needs like a broken window. You don’t need to ‘earn more’, sometimes you just need to close the windows and insulate the house first. Eat well, sleep properly, and focus on what you can control and what matters. That will prepare you best for most decisions in life. Don’t compare yourself to anyone. Just don’t. It’s never the same as their social media post or gleaming car might suggest. And it doesn’t matter. Look where you are going not where they are going, or you’ll trip on something and hurt your wee toe. If you are spending, lean into that emotion and ask why, then take responsibility.

Financial Advice Including Pension Advice, Bristol

If you would like to speak with one of our Independent Financial Advisors and potentially receive financial advice, please contact us on 0117 923 7652. We are based in CliftonBristol but we are happy to service clients from across the UK and we provide free initial meetings at our client’s convenience.

Churchill Wealth Management Limited is located at 13 Alma Vale Rd, Bristol BS8 2HL, United Kingdom.

About Us: Churchill Wealth Management is a team of #independent financial advisors#/#financial planners# (IFAs) based in Clifton, Bristol ( provide independent# financial advice#, including #pension advice#, #investment advice#, #inheritance tax planning#, protection/#insurance advice#.