Exclusives

Why Most of Us Commonly Fail at New Year’s Resolutions? The Psychology Explained

With the new year comes the onslaught of motivated social media posts on resolutions. Most people have promised that this year (like any other year) they will lose weight, eat more fruits and vegetables, try to remember birthdays, talk to their parents more often, and save more money. 

Despite good intentions, it is a known fact that 90% of those people are destined to fail. According to Strava, a mobile app for athletes, January 17 is the day when people break their promises and fall back into their old habits. This means you still have a few more days before you join the ones who will carry forward their resolutions to the next year.

So, what is the idea behind the New Year’s resolutions anyway?

The concept dates back to the Babylonians 4,000 years ago, who thought that they would please the gods if they made promises to improve themselves, such as taking more responsibilities and getting out of debt. This practice managed to carry on through the centuries and is still practised by many today.

What are the most common New Year’s resolutions?

According to the artificial intelligence algorithm Polly, the most predicted New Year’s resolutions every year are these:

  • Go to the gym
  • Trying something new
  • Eat my favourite food
  • Diet or lose weight
  • Drink more water
  • Be happier/healthier
  • Stay motivated
  • Pay off dues

If you managed to keep your side of the bargain, amazing! If not, you’re not alone. Around 80% of the New Year’s resolutions fail by February as per the U.S. News & World Report.

Why are resolutions good for you?

Starting the new year with a clean slate is pleasing to many as people often feel motivated to change their old habits and adopt better ones.

Also Read: How Month-End Financial Stress is Affecting Millennials in India

A report by INSEAD, a European business school, found that having a modest goal to work towards, like eating an apple every day, is healthier for you mentally than just maintaining the status quo.

There is enough proof that even if you do not achieve your goal, a resolution can still help you develop for the better. According to Psychology Today, individuals who make New Year’s promises are more likely to witness a positive change in six months in comparison to the ones who do not have any resolutions at all.

This brings us back to the question – Why do most of us fail at New Year’s resolutions?

While many people just like you aspire to attain ambitious goals, only a small number will ever experience victory. Sounds bad? It is. Most people (156,000,000 to be precise) will end up giving up on their goals even before you finish saying ‘Happy New Year’.

Let’s look at some of the reasons behind the failed resolutions.

  1. You treat your goals like a sprint and not a marathon: A slow and steady change in habit may not be alluring, but it’s much better than the “I want it NOW, and I want it ALL” attitude. Small goals stick around for a longer period as they are less annoying. So, avoid remodelling your life overnight. Take baby steps. Start with an easy task and stick to it.
  2. You doubt yourself: A failure to act can cripple you even before you start. If you have tried (and failed) to set a goal (or several) previously, it may be hard to believe in yourself. Self-doubt will always be that nagging voice in your head that will stop you from growing. The only way to do away with that voice is by believing in yourself. So what if you have failed a couple of times? This year, try again.
  3. You’re procrastinating too much and trying too hard: You can refer to the world’s best self-help book and seek inspiration, but nothing can help you if you don’t take action. Put at least one thing you learn from every book or article into practice and you will be on the road to success. Also, you are allowed to indulge occasionally as long as you are making healthy choices 80% to 90% of the time.
  4. You dislike the process: Do you still wonder why people struggle with their weight when they see eating as a task and exercise as a dreadful bore? Make a smart and fun fitness plan. Participate in a sport you enjoy, exercise with your friends, or give yourself a ‘free day’ every week where you can do whatever you please.
  5. You are in a hurry: If sticking to resolutions and attaining success was too quick and easy, everyone would do it and there would be no point of this article. So, it’s in your best interest to exercise your patience muscles.

Numerous studies have found that different approaches work for different people, but all of them are based on similar values. If you keep your resolutions sensible and attainable, you will more likely follow the plan. Goals also help avoid sticky situations where you know you will be exposed to the behaviour you are trying to correct, such as avoiding buffets if you’re trying to stop over-eating.

For any clarifications/feedback on the topic, please contact the writer at sujaini.biswas@cleartax.in

Share

Recent Posts

Mutual Funds: SIP Inflows Breach Rs 19,000-Crore Mark for the First Time in February ’24

The systematic investment plan (SIP) contribution in February 2024 has crossed a new milestone. The monthly contribution tipped at Rs…

10 months ago

Income-Tax Return: A Brief Note on Annual Information Statement (AIS)

The Income-Tax (I-T) Department has directed taxpayers to access the Annual Information Statement (AIS) via the e-filing official portal and…

10 months ago

Mutual Funds: All About SIP and Market Fluctuations

Considering the vagaries of the stock market, investors often ponder over reevaluating their strategies. Whether to continue to remain invested…

10 months ago

Income-Tax Saving Through Strategic Life Insurance Planning

Financial planning is beyond just investing wisely to save on taxes; it's also related to protecting oneself and one's loved…

10 months ago

Income-Tax Return: Here’s a Note on Tax-Saving Avenues

A salaried individual earning up to Rs 5-15 lakh as net salary on an annual basis must first take stock…

10 months ago

A Quick Take on Equity-Linked Savings Scheme

Equity-linked savings schemes (ELSS), also referred to as tax-saving schemes, are equity funds that invest a significant portion of their…

10 months ago