New Year Resolutions: Do People Actually Stick To Them?

According to statistics, only 10% of people who make New Year resolutions stick to them. This is a shocking statistic given most people make New Year resolutions. So, why is it so hard to stick to New Year resolutions?

1. Unrealistic resolutions: This has to be the most common reason why most people are unable to stick to their New Year resolutions. One of the best ways of achieving any goal is making sure it is realistic. Realistic goals are small and progressive which makes them more manageable. One great way of ensuring you set realistic resolutions is considering your current situation. If you are currently overweight, focus on losing weight gradually first. If you are already fit, it’s OK to push yourself further i.e. focus on building muscle. Focusing on build muscle when you are overweight is unrealistic.

The same applies to making resolutions to become a millionaire when you haven’t even started saving or you don’t have a business plan. There’s nothing fundamentally wrong with having faith in yourself as well as pushing yourself to the limit. However, unrealistic resolutions make your journey extremely hard.This, in turn, leaves you with no option but to quit if you don’t have the willpower. Unfortunately, most people lack the willpower to consistently pursue their goals no matter what.

2. Lack of a plan or poor planning: It’s also impossible to do anything meaningful in life including sticking to New Year resolutions if you don’t have a plan and a solid one for that matter. Resolutions must be backed up by serious action plans that highlight the precise actions you plan on taking to achieve your goals.

Unfortunately, many people make blunt new year resolutions without preparing serious plans aimed at making sure those resolutions see the light of day. For instance, it’s not enough to say you want to save £10,000 this year. You have to sit down and plan how you will actually do it. For instance, do you intend on cutting down your expenditure on entertainment, clothes, shoes, etc.? What’s your plan for saving every month? What adjustments do you intend to make in your lifestyle?

Your plan has to be as detailed as possible for you to increase your chances of success.

3. Wrong perspective: Sometimes it’s just a matter of perspective. Ideally, you shouldn’t wait for the end of every year to make a resolution. Every single day presents an opportunity to learn and make new changes that drive you closer to being the person you have always wanted to be. Waiting for one day every year so that you can make resolutions makes it harder to progress. This is simply because you have to wait another year to make drastic changes when things don’t work out. This shouldn’t be the case. Although we don’t plan to procrastinate, New Year resolutions encourage procrastination which is one of the most common causes of failure. Life changes should be made every day when the need arises and not once a year.

4. Poor time management: Many people also have a hard time sticking to their new year resolutions because of poor time management. In most cases, making realistic resolutions, having a solid plan and the right perspective isn’t enough. You need to set some time apart to implementing those resolutions. Most resolutions require a bigger time commitment than most people anticipate. As a result, it’s extremely hard to stick to your resolutions if you don’t factor in the time aspect. You must create time if you don’t have any and make the necessary adjustments to your daily/weekly/monthly schedule to make sure you don’t interfere with other important commitments while implementing your resolutions.

5. Lack of accountability: Most people also have problems sticking to their new year resolutions because they lack accountability. You must be accountable to someone other than yourself i.e. your family members, friends, etc. if you want to pursue your goals to the end. It may take some courage to share your personal goals. However, your chances of reaching your goals increase when you are accountable to someone other than yourself. Many people lack the self-discipline to check on themselves and make the necessary adjustments to their schedules so, find someone you will be accountable to.


New year resolutions are great. However, they must be backed by serious action plans. New year resolutions also need to be realistic. You must also become a better time manager and hold yourself accountable if you want to stick to your new year resolutions to the end. Lastly, you need to have the right perspective about life. Every day presents an opportunity for learning so don’t wait for a date to make the necessary changes to your life.

Is the Company Director of Swift Money Limited.
He oversees all day to day operations of the company and actively participates in providing information regarding the payday/short term loan industry.

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