This just in: you don’t have to wait until January 1 to set goals.

Goals are a monthly thing. Goals are a weekly thing. Goals are a daily thing. This is especially true when you’re setting personal finance goals because money is always coming and going on a daily basis.

But if you struggle setting and keeping goals, you’re not alone. According to research by the University of Scranton, an overwhelming 92 percent of people who set New Year’s goals never accomplished them. Why? Most people go about goal setting all wrong. So, what do those other 8 percent of people do now? This.

Make Your Goals S.M.A.R.T.

Research by Edwin Locke and Gary Latham found that when people set specific and challenging goals, it led to higher performance. One tried and true way of structuring goals is to make them S.M.A.R.T. It’s not enough to say your goal is to get out of debt. While that may be challenging, it’s not specific. S.M.A.R.T. goals are specific, measurable, achievable, results-focused, and time-bound. With this framework in mind, your get out debt goal may look like this: I’d like to pay off 30% of my student loan debt in the next 5 months.

Break Bad Habits

Aristotle once said, “Quality is not an act, it is a habit.” When is the last time you took a look at your spending habits line by line to see where every cent is going? Maybe you don’t want the reality of seeing how much that daily coffee is draining you, or that ordering take-out every night is taking a toll on your checking account, but in the words of Jay-Z, it’s so necessary. Habits are learned behaviors that can become automatic after enough repetition. Not every goal you set has to be about money. Some of them can challenge you to pack your lunch more each month.

Believe In Yourself

Yes, this may sound cheesy and like it belongs on a poster in an elementary school classroom, but most people don’t even set goals for fear of failure. They think to themselves, what is the point? But remember this: you haven’t gotten this far in life without achieving a goal or two. You’ve done this before, and you can do it again. Research by renowned Stanford psychologist Carol Dweck found that successful people focus on growth, solving problems, and self-improvement, while unsuccessful people doubt their abilities and avoid challenges. In other words, your attitude will determine how far you’ll go. Think about all of the times you’ve been successful in your life. Hold on to that thought and let it fuel you.

Don’t Set Your Sights Too High

We know you’re getting pumped up reading this article, and that’s great, but don’t take on too much too fast, or you may crash and burn. You don’t want to set yourself up for failure. Also, setting a huge goal can be overwhelming. If you haven’t gone for a jog in the last six months, it’s probably unrealistic to say you’re going to run 10 miles tomorrow, right? Set short-term goals that ladder up to your larger goals. And don’t forget to celebrate each milestone along the way (but don’t go crazy).

Anticipate Threats To Your Success

As the saying goes, “if you fail to plan, you plan to fail.” As you’re goal setting, consider the events, moments, and occasions that may hinder your progress. You may think you can stash an extra $300 next month, but isn’t it your mother’s birthday next month? And did you already get a gift for your cousin’s wedding? Anticipating expenses lets you adjust your goals. Maybe this month you set aside $300, and maybe next month it’s $150. Then maybe you increase it the following month. Factoring threats into your finance plan keeps you in control and on track.