As we launch into a new year, it’s common to set fresh resolutions.

We think: “This year, I’ll finally get my finances in order.”

But much like gym goals that fade by February, financial plans often lose traction when they feel too big or distant.

What if the secret to lasting progress isn’t a dramatic overhaul… but a series of small, sustainable steps — steady habits that build momentum and confidence over time?

That’s the core insight from David Booth, founder of Dimensional Fund Advisors. In his recent Kiplinger op-ed, he argues that the most effective strategy is “one small step for your money, one giant leap for retirement.”

It’s a mindset that resonates deeply with how we at Central Financial Planning help clients make meaningful and lasting financial progress.

Small Steps Make Big Progress

Booth encourages investors to define long-term goals first — like retiring comfortably or supporting family — and then ask a powerful question:

“What small step can I take today that brings me closer to that future?”

This could be as simple as:

• Increasing your KiwiSaver contributions by just 1% — For someone earning $70,000, that’s about $13 a week. You might not notice the change, but over time, it could add tens of thousands to your retirement savings.
• Setting up a monthly automatic transfer of $100 into a separate “travel fund” or “emergency savings” account — building good habits without needing to think about it each time.
• Reviewing your will or enduring power of attorney — Not exactly exciting, but critical for peace of mind and protecting your loved ones.
• Booking a financial check-in with your adviser — A quick catch-up can help you see where you stand, where you’re headed, and how to course-correct if needed.

These steps may seem small, but as Booth puts it, when compounded over years, they can lead to “a giant leap for your retirement.”

Why Big Resolutions Often Fail

At the start of the year, bold goals are appealing: “I’ll get everything sorted this year!” But big changes without a clear path often lead to frustration or inaction.

Small steps, on the other hand, create positive momentum. They’re easier to stick with, easier to measure, and more likely to build confidence along the way.

As Booth says: “The best chance you have to make good decisions is to stick with a plan that can help you reach your destination.”

Support Makes All the Difference

Even the best-laid plans can fall by the wayside without structure and accountability.

That’s why having a trusted adviser by your side can be so valuable.

Your financial planner won't just give you a plan and leave you to it. They walk the journey with you — helping you:

• clarify what matters most to you,
• break big goals into manageable, realistic actions,
• and adjust course when life inevitably changes.

They’re not there to push products or quick fixes. They offer thoughtful, long-term guidance designed to give you confidence, clarity, and control — every step of the way.

Start This Year With One Step Forward

Forget trying to do it all at once. Just take the next right step. Then the one after that.

Here are a few practical small steps you can take this month:

• Haven’t reviewed your KiwiSaver in years? Book a 30-minute call with yuor financial planner to check if you’re in the right fund for your age and goals.
• Have some savings sitting idle? Consider allocating it more strategically to support your retirement income goals.
• Feeling overwhelmed by paperwork? Pick one thing to tick off — like updating your insurance beneficiaries or consolidating old super accounts.

Whatever it is, start small. Then stay consistent.

At Central Financial Planning we’re here to walk alongside you every step of the way. If you haven't got a financial planner, contact us today!

Sponsored Content: This article has been submitted by a contributing local expert as part of The Central App’s sponsored advisor programme.

Disclaimer: This article is for informational purposes only and does not constitute personalised financial advice. Past performance is not a guarantee of future results. Investment and financial planning involve risks, including potential loss of principal.