Make Your New Year’s Financial Resolutions Now And Stick To It!

Like everybody else, it’s that time of the year when we swear to discard or shelve some bad practices and improve our lives. A research by the University of Scranton says about half of Americans do make New Year’s resolutions at the start of each year. And the good news is that research also says that about 59% of people who made resolutions for 2014 say they kept them. 46% said they were able to maintain their pledges past the 6-month mark. (Source:

Among these resolutions, money-related goals are some of the most popular, including launching a home business where you can work from home. Mostly it’s got something to do with saving up more for retirement or paying off debts to avoid bad loans and spending less. These are good laudable goals and they’re actually much easier to achieve. A Fidelity Investments recent survey says so. It seems 42% of respondents surveyed found it a whole lot easier to save up and pay I.O.U.’s than losing weight or smoking less.

No matter what kind of changes you’re aiming at for 2015, no doubt, it can only be for a better you or a better lifestyle. Here are 4 easy ways to improve your chances of success

1) When you make your New Year’s resolutions, resolve to do them : Those who explicitly make resolutions are 10 times more likely to achieve them than those who don’t express their goals. Another University of Scranton study says that after six months, 46% of those who wanted to change their lives and made a resolution to do so were successful compared to just 4% of those who wanted to change but didn’t put it in any resolution form. (

2) Be specific: When you make goals that aren’t too clear, you may be setting yourself up for a failure. Define your goals. Get to be as specific and definite as you can. Instead of saying you’ll save up for 2015, set it down on paper that you’ll put $200 in the bank every month to achieve a goal of $2,400 by year end.

3) Keep track of your progress by having a log: Seeing how you’re progressing on a periodic basis is a great motivator. Research says the more you keep track of your performance the better you’ll do at sticking to your goals. According to a Fidelity Survey, about 67% of those who set a goal find progress to be a great push to go on.

4) Get a good friend to share your goals with: If your goal is to save up, let someone close to you know about it. Let him or her know how much you’re looking at to achieve in savings by the end of the year. Then ask him or her to call you every first week of the month to make sure you’ve put in what you said you’d put into the bank.

They’re really 4 simple ways to help make your lives not only better but perhaps happier! Good luck

Make Your New Year’s Financial Resolutions Now And Stick To It! Credit Picture License:JMR_Photography via photopin cc