Kickstart the new year with motivation to achieve your financial goals
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A canning jar filled with money sits on a shelf in East Derry, N.H., June 15, 2018. (AP Photo/Charles Krupa, File) NEW YORK (AP) — The start of a new year usually brings new motivation to achieve goals like eating healthier or finally cleaning your basement. Many resolutions also focus on financial goals, such as paying off credit card debt, saving for a new house, or simply getting more educated about money.
AI Summary
Main Idea: The article says the new year is a good time to set realistic money goals, like saving, paying down debt, and making a budget that fits your life.
Key Points:
- Financial planners say people should focus on their reasons for saving and make plans they can actually follow.
- Experts suggest simple steps like checking credit reports, starting a savings account, and using a budget that works for you.
- Several people shared goals such as paying off debt, building emergency savings, and saving for a house or future travel.
- The article also warns against overspending and says it is important to balance saving for the future with enjoying life now.
Impact on the People
Negative Impact
Households that set strict money goals may feel pressure or miss out on spending for needs and small joys.
Positive Impact
Clear budgets, savings plans, and debt payoff goals can help workers and families build emergency funds and reduce credit card stress.
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Candidate Entities8 candidates · 5 weighted vote min · 70% decision
- BettermentcompanyContextCandidate
Financial app and investing platform where Erica Grundza works; cited as the employer behind the advice.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Erica GrundzapersonContextCandidate
Certified financial planner at Betterment quoted on how to set realistic financial goals.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Focused FirecompanyContextCandidate
Financial coaching company founded by MarieYolaine Toms, mentioned as her business.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Jenni LeepersonContextCandidate
Individual featured discussing her savings goals and spending cuts.
Include 0 (0%)Ignore 0 (0%)5 to threshold - MarieYolaine TomspersonContextCandidate
Founder of Focused Fire quoted on turning resolutions into actionable financial plans.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Melanie DuartepersonContextCandidate
Individual featured discussing debt repayment and building an emergency fund.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Tiana StewartpersonContextCandidate
Individual featured reflecting on balancing spending, saving, and investing.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Charles KrupapersonMentionCandidate
AP photo credit mentioned in the file caption; not central to the article’s substance.
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