Most people want to jump or leap into their New Year’s resolutions and have good intentions on January 1. I recommend a more strategic and supportive approach so that you can actually reach your financial goals this year.\nYou wouldn't compete in a triathlon without any training, right? A fundamental part of training for a triathlon is the mind game that goes with it. The most successful athletes know that 80 per cent of winning is in the psychology and mental dialogue that goes on while training and competing. Achieving your financial goals requires similar mental capabilities and strategy, so learning how to play the money game is a step in the right direction!\nUse the 15-minute money strategy\nSpend 15 minutes each day focusing on your finances and taking action. Although it's admirable to schedule a couple hours a week or even a whole day at a time, most people don't even get started as they find it overwhelming to set aside this much time at once.\nAllocating 15 minutes each day is manageable, and with 90 days of commitment to this schedule you are at least starting and taking steps to create a supportive habit. The most challenging part is actually starting so set a timer and focus for 15 minutes as a commitment. You can always do more but committing to the 15 minutes is a great way to build a habit, and you will be amazed by what 15 minutes of focused financial time can help you accomplish!\nKeep your goals specific\nWe live our lives in specifics, and our brains work better as a GPS when we focus on specific goals, so get clear on no more than three financial goals that you want to achieve this year. To say you “want more money" is vague and the brain doesn't know how to sort this out. However, if you have a goal of saving $10,997.50 this year, this is like putting your brain on “laser focus” and it will give you a concrete target to work with. Pick three goals and no more so that you are keeping that laser focus. Too many goals will overwhelm you and your brain. I suggest one goal in each of these areas: \n\n saving \n increasing money inflow\n bucket list or dream\n\nHaving a specific goal around your bucket list will be the "juice" that will motivate you the most, so have one goal in this area and, if you can tie it into your personal values, this will even help more.\nDeal with consumer debt \nAlthough paying off debt is a lofty financial goal, it is often the most challenging for a few reasons:\n\n not identifying the behaviours that created the debt in the first place\n not acknowledging your emotional relationship with money\n not exercising delayed gratification\n\nMost people set a goal of paying off debt and consistently struggle with achieving this goal.\nThe reality is that if you haven't addressed how the debt was created in the first place, it will continue to be manifested again and again, regardless if whether you pay it off. Your spending patterns and habits will dictate how your consumer debt is created, which is why I don't recommend paying off debt if you get a cash windfall until you have determined how the debt was created.\nMany of us have done retail or shopping therapy, and this is directly tied to our emotional relationship with money. Understanding what emotions are triggered more frequently when money situations arise can assist you in managing your responses and curbing your outbreaks of retail therapy.\nWith the holiday season marketing blitz done and the push on immediate gratification tapering off, consumers are hit with buyer's remorse and dealing with credit card bills. The ability to delay gratification is fundamental to saving and avoiding consumer debt. I define consumer debt as the gap between your cash coming in and the lifestyle you choose to lead. \nWinning the money game requires money mindfulness and an understanding of your money psychology and emotional intelligence around your relationship with money. Knowing the rules and understanding the money game makes it more fun and winnable!\nKeep the conversation going\nWhat are some of your financial goals this year? Post a comment below.\nDisclaimer\nThe views and opinions expressed in this article are those of the author and do not necessarily reflect that of CPA Canada.