Skip to main content
  1. News
  2. Business & Finance
  3. Personal Finance

How to achieve your New Year's resolution: Stop spending and start saving

See also

Money, or lack thereof, is a leading cause of stress among Americans today, which is why it is no surprise that the third most popular resolution of the New Year is to spend less and save more. It sounds simple enough, but is actually a very difficult feat. In fact, only 8 percent of Americans who made resolutions are successful in achieving them according to a study done by the University of Scranton.

More Photos

While it is a good thing to decide to spend less and save more, people often lack the strategy to do so, and therefore fail to succeed. First and foremost, they do not realize that simply proclaiming "I will set aside money every week and stop going shopping" is not a doable strategy, nor is it a realistic one.

Resolutions are tricky, especially those involving finances. Getting started is usually the most difficult part, especially if you have failed at doing it before. However, do not be discouraged if this is the case. Doing small, easy, and achievable tasks are a good way to succeed in your financial resolutions. Remember that it is only the second week of the new year. Resolutions do not expire until next year.

Advertisement

News

  • Al Qaeda video surfaces
    A video of an Al Qaeda meeting surfaces, concealed identities are raising suspicions
    Video
    Watch Video
  • Boston Marathon
    Boston cops shut down Boylston street after finding suspicious, unattended backpacks
    Top News
  • Death penalty for hate crime?
    Actions by the anti-Semitic gunman are being condemned by the unlikeliest of groups
    Crime News
  • New York gun control
    As many as one million New Yorkers are ready to disregard the state's new gun laws
    Headlines
  • Korean ferry capsizes
    Hundreds of passengers are missing after a ferry sinks off the South Korean coast
    World News
  • NYPD ends surveillance on Muslims
    The NYPD will end surveillance programs against Muslims in their own communities
    Video
    Watch Video

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!