The turn of the year, a special period that psychologically marks a transition from old to new behavior for many. Fitness centers, among others, make grateful use of this, but this sentiment also plays an important role in the financial field. For example, about 80% of all people have the intention to use money wisely in the coming year. Perhaps you are one of them!

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Behavioral change is possible, but not easy

As with any change, behavioral change creates psychological resistance. You are going to let go of something that is known and familiar with it and you are going to learn new behavior that you have to wait and see whether this will work. This creates uncertainty and therefore tension. There is also a certain routine ingrained in "old" behavior that makes you almost reflexively perform this old behavior. We call that a pattern. Some patterns are deeply ingrained, some less deeply. Behavioral change is certainly possible, but you will have to meet some conditions to maximize the chance that it will work.

The most important thing is a strong and deep-rooted motivation to reach a goal. Unfortunately, this is why good intentions fail so often. For example, people want to stop impulse spending and start saving more, prompted by and based on the hype around the turn of the year. That is a move in the right direction, but unfortunately often not enough. There is nothing more demotivating than an unsuccessful change attempt. This raises the threshold for successful behavioral change in the future. That's why I'm in favor of changing your behavior when you're done with an old habit instead of waiting for the turn of the year to arrive.

Set achievable crypto goals

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If your motivation is in order and you have decided to save money (to invest in crypto for example) you can make a plan. The first step in this is determining your goal. A pitfall is that you set an unattainably high goal that you can achieve quickly. Make sure you set an achievable goal, even in difficult months. For example: “I put aside 5% of my income every month to invest”. Strive to achieve the goal every month and adjust it if the goal appears to be structurally too high. Nothing is more demotivating than a lack of success.

Be critical, map out excuses

If you have not achieved your savings goal for a month, dare to take a critical look at the reasons for this. Chances are you've sabotaged yourself somewhere with a goal-defeating thought (aka excuse). Map out your excuses and correct your thinking in line with achieving your goal.

Keep track of your investments in e.g. a spreadsheet so that you can see the result of your savings goal at a glance and also watch out for self-sabotaging thoughts such as 'this is not progressing' and convert this into a motivating thought such as 'many little bits make a lot'.

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Now that you have made a plan, it remains to persevere and persevere. When you can do that, you will be proud of yourself in the long run. Bring that moment forward in your mind and imagine how this will feel. Do this at least once a week, at a fixed time during the week, and convince yourself that you are doing the right thing. Imagine what your investments will look like in ten years of compounding and dare to dream about what you would like to do with this amount of money. You will start to realize more and more that your dreams are within your reach and it will take less and less effort for you to stick to your savings goal.