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New Year’s Money Resolutions That Will Actually Last


When the new year hits, many people make a laundry list of lofty goals to stick to. The so-called “New Year’s Resolution” is far from being a bad idea, but the sad fact of the matter is that it can be extremely difficult for certain people to stick to. Sticking to a resolution is only possible if the goals you are making for yourself are both concrete and reachable; it’s not uncommon for peoples’ goals to be neither. If you make specific, detailed plans for your finance-related new year’s resolutions, however, you can dramatically increase the chance that they’ll actually last.

Work With an Accountant

Setting goals on your own can be rather difficult, and is often the reason why many people falter. If you have a professional on your side, on the other hand, you shouldn’t have to worry quite as much about reaching your goals. Hiring a professional accountant can be extremely beneficial to helping you figure out your finances, and is far easier than most people think. Working with an accountant is not hard; all you have to do is outline your goals and provide as many details about your finances as possible. It may seem as if it’s an expensive venture up-front, but the fact is you’ll be saving a great deal of money in the end by taking this route.

Open a Savings Account

While most people understand the importance of having a savings account, not everyone takes the time to open one. If all you currently use is a checking account, however, you’re missing out on what could potentially be the answer to your financial problems. High yield savings accounts can help to make you money in the long-term without having to even do anything; the interest simply builds over time. Combined with the right credit cards, you can set in gear a well-outlined financial plan that will last for years to come if you stick to it.

Actually Watch Your Spending

When people say they’re going to watch their spending, they tend to be both thinking and speaking in an arbitrary manner. It’s fine to say that you’re going to watch what you spend money on, but unless you actually outline this plan, it’s practically meaningless. One way to take this to another level is to actually pay close attention to each and every purchase you make by itemizing them, which will help you to determine where you’re spending excess money.

Only once you fully understand your spending habits will you be able to effectively change them. Fortunately, there are a great deal of services both online and offline that can help you to track your spending, most of which are very user-friendly. The better you are at tracking what you spend, the more you’ll know about where your money is going.

Resolutions for the new year should always be made so that they’ll last. If you’re detailed with what you plan out, you can increase the chances that your resolutions will last for years to come.



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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