If you made a financial resolution to ring in 2015 then you’re not alone! 31% of Americans set financial objectives this year. There are powerful reasons to make and keep such resolutions:
- For those who made a resolution in 2014, 74% say they succeeded in getting at least halfway to their goal
- 51% of people who made a financial resolution at the start of 2014 feel that they are now in a better financial situation
- 42% of those surveyed say sticking to financial resolution is easier than sticking to other popular resolutions
- For those who made a resolution for 2014, 29% say there were completely successful in reaching their goal
- 64% say being encouraged by the progress made is the #1 motivator to stick with financial resolutions
Mandi Woodruff posted the interesting chart below on the leading New Year’s financial resolutions for the past few years. Encouragingly, “develop a plan to reach longer-term goals” is a popular choice, increasing to 14 percent. This is a more than twofold increase since 2011, when it was at a single-digit low of 6 percent.
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Don’t Drop the Ball on Your 2015 Financial Resolutions