The beginning of a New Year always seems like a great time to renew focus and make plans to achieve financial goals. Even though we know we can refocus at other times, year after year most people make some kind of resolution or plans to improve their lives. Studies show that the most popular New Year’s resolutions are in the areas of health, self-improvement, and finances. Even if you’re not big into labeling a decision as a “New Year’s resolution,” you might still want to take some time to see how things went this year and adjust.
The “New Year’s Resolution” Label
Personally, I don’t like to label New Year’s resolutions, because that term always reminds me of half-hearted commitments that people make and break every year. I know it doesn’t have to be that way, but I avoid the label. Regardless, I think the end of the year or very beginning of the year is a perfect time to look over finances and make adjustments, and my husband and I have the privilege of doing this together. [Read more…]