Revitalize your New Year’s resolutions with renewed focus. In this episode of I’ve Been Meaning To Do That, host Oscarlyn Elder talks to Dr. Wendy Wood about the science of habits. The author of “Good Habits, Bad Habits: The Science of Making Positive Changes That Stick” shares how habits form, why bad ones are so hard to break, and tips on developing good financial behaviors. They discuss (time stamps are approximate):

• Why habits are important (1:58)

• The difference between resolutions and individual decisions (4:17)

• How habits form (7:21)

• Reframing to establish good financial behaviors (14:05)

• How long it takes to form and break habits (19:43)

• The importance of adding friction (24:33)

• Myths about habits (31:45)

• What Wendy has been meaning to do (37:27))

• Final thoughts from Oscarlyn (39:12)

To learn more about habits, read Wendy’s book:

Good Habits, Bad Habits: The Science of Making Positive Changes That Stick

The podcast team has created a template for taking notes on each episode. You can find it at:

http://truist.com/resources/wealth/financial-planning/how-to-form-good-habits

Have a question for Oscarlyn or her guests? Email [email protected].