According to University of Scranton, only 8% of people achieve their New Year’s Resolutions. Why is this number so low? Researchers say our resolutions are often intangible, too extreme, and too long-term. We use terms like “lose weight” or “get out of debt.” Instead, be more specific and make a concrete checklist or to-do list of obtainable goals, outlining specifically how you plan to achieve your New Year’s Resolution. For example, if you want to get out of debt, your checklist might look like this: Transfer credit card to low-rate card Only charge what can be covered Eat out once every two weeks Close unused credit cards Put a freeze on credit Sign up for a personal finance class Buy Suzy Orman latest debt book Consolidate student loans Researchers say that if you … [Read more...]
