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How To Be Smarter About Money In 2016


marketwatch articleThe following is an excerpt from Catey Hill | December 22, 2015 | marketwatch.com |

Every January, many of us make financial New Year’s resolutions to do things like spend less or contribute more to our 401(k)s. And every year, more of us break them than keep them — and end up poorer for it. So how do you make sure this year will be different?

While it isn’t as popular a resolution as losing weight and getting fit (44% make this resolution), making smarter choices with money is the second most popular New Year’s resolution, according to the annual New Year’s Resolution Survey from Allianz Life Insurance Company. Nearly one in three Americans say they plan to make a resolution to improve their financial stability. Surveys show that the most popular money resolutions include saving more, paying down debt, spending less money and developing a long-term financial plan.

Unfortunately, many financial resolutions are short-lived. Fully 31% of Americans find financial resolutions harder to keep than other popular resolutions and 25% find them just as difficult to keep, according to Fidelity’s 2014 New Year Financial Resolutions Study. To help ensure you don’t end up in the failed-goals category this year, we asked experts how to make those financial goals stick this year.

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