Mercedes is Snackpicks' Frugal Blogger and shares her tips to save money all year round, no matter what the occasion. She is a Certified Public Accountant with a MBA and became a stay-at-home mom after having her first of three beautiful children. Her passion is helping people live better while not only spending less money but also saving money. Mercedes owns and runs the frugal blog, Common Sense with Money.

Frustrated about making New Year’s resolutions you can’t keep? Are you thinking that this is the year when you want to start seeing them through?
If this year’s resolution is saving money, be SMART to achieve success:
Specific
A New Year’s resolution to save money is too vague. Setting specific goals helps you determine the action you need to take to achieve it. So, instead of saying “This year I am going to cut back on my grocery bill” say “I will reduce my grocery bill by $100 every month by finding deals and using coupons.”
Measurable
A clear goal is quantifiable. Your specific goal will also help you identify what you need to do when you are not achieving it. Back to the example of reducing your grocery bill, if your goal is to reduce your grocery bill by $100, you know you need to find ways to cut back to that amount. Perhaps you will save $33 by using coupons, $33 by shopping only sale items and $33 by reducing the amount of food you end up wasting.
Achievable
Don't set yourself up for failure by setting goals that are out of your reach. Cutting your grocery bill in half may not be a reasonable goal for your family.
Realistic
Hunting every sale in order to cut your grocery bill in half may not be realistic, especially if you already have a busy schedule. In fact, it may lead to a quick burn out, and eventually to failure in achieving your resolution.
Time Frame
The good thing about New Year’s resolutions is that inherently they have a time frame for completion already built in. You have until December 31st of that year to complete it. It is wise to revisit how you are doing throughout the year. Since you defined a measurable goal, determining how well you are doing should be easy.
It is great to decide to save money as a goal in life. But you need a way, a plan to get there. SMART goals are the road-map to help you achieve your target. Let Snackpicks help you attain your goal. Make sure to check back every month for more money savings tips, coupons and ideas on this column and at commonsensewithmoney.com.
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