Brooklyn Plans featured in this Magnify Money article on putting your money where your mouth is: 5 Reasons It Is So Difficult to Keep Your New Year’s Resolutions.
Vague, lofty goals like “lose weight” or “save money” can do more harm than good; undefined targets can leave you overwhelmed and discouraged when you don’t immediately succeed. That’s why resolutions should start small, according to Kristen Euretig, certified financial planner and founder of Brooklyn Plans in Brooklyn, N.Y., a company specializing in helping today’s women with their finances. “Take into account a realistic but ambitious goal that can be achieved in a year and would be forward momentum toward an even larger goal,” says Euretig. “Buying a house may be too much to tackle in a year, but saving the first 10% of a down payment could be a realistic starting point that would also be quite an accomplishment.”