Millions of Americans set moneyrelated resolutions each January, such as saving more or reducing debt. But too many resolutions fade quickly. A 2023 Forbes Health poll found that over half of people give up on their resolutions by April. The issue isn’t necessarily motivation. It could be execution.
HERE ARE SOME THINGS TO CONSIDER
- Vague goals like “save more” often fail. Instead, set specific, measurable targets like, “Save $100 a month.”
- You might also focus on just one or two priorities: building an emergency fund, increasing retirement plan contributions, or paying down debt.
- Then, track your progress regularly and break big goals into small steps. Each win builds momentum to reach the next goal.
- Finally, find an accountability partner or work with a financial advisor to stay on track.
The new year offers a fresh start. With clear goals, a realistic plan, and the support you need, 2026 could be your year financial resolutions finally stick.
*This content was provided by Edward Jones for use by Linda Drake, your Edward Jones financial advisor, at (480) 985-2651. Edward Jones, its employees, and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation