Achieve Your Financial Goals: A Simple If-Then Planning Framework

Tackle your financial goals with an if-then plan

Let’s walk through a simple exercise to help train your brain to stay on track.

It’s science

Research shows we’re more likely to reach our goals if we anticipate roadblocks and diversions, then plan specific actions to avoid or overcome them. Here’s how you can do it.

Here’s how it works

Write down your goal. Be specific. Say when you want to achieve your goal, what you need to do and why it’s important.

List possible roadblocks

What could change your course? This could be a bad habit you struggle with, a new competing priority—or even a positive development.

• 

• 

  A chance to continue your education

• 

  An unexpected bonus at work

Decide how you want to react

What deliberate action can you take to stay on track? Put it in if-then form. The more concrete, the better. Focus on what you will do, rather than what you won’t.

• 

  If I’m tempted to buy a sweater I don’t need, then I will pause and wait 24 hours before deciding.

• 

  If a new priority comes up, then I will list the pros and cons of each and make an intentional decision.

• 

  If I get an unexpected bonus at work, then I will put the money toward the down payment.

It’s a journey

Be prepared to hit bumps in the road. When you do, return to your if-then plan. It will help you stay on course.

Want to find more strategies?

You may also be interested in

This material is for informational use only and is not intended for financial or investment advice. Bank of America Corporation and/or its affiliates assume no liability for one’s reliance on the material provided. This material is not updated regularly and may not be current. Consult a financial professional when making financial decisions. © 2025 Bank of America Corporation.