How to Make New Year’s Financial Resolutions Work

Every January, many of us take stock of our lives. With the rest of the year in front of you, there’s no better time to reset with a resolution. Because we’d like to encourage you to make a financial New Year’s resolution, here’s a good place to start.


Look at your expenses and find things that you can easily and effectively cut. The cup of coffee you grab before work is a daily routine that really adds up. Paying for parking instead of taking public transportation is another pricey convenience. Now that the holidays are over, why not try to tweak your spending habits? This isn’t about altering your behavior entirely, but adopting minor changes that produce major results down the road.


If you have a lot of debt, don’t try to pay it off all at once. Take it slowly and figure out which bills are most important. That’s determined by calculating interest rates. Make a promise to devote a portion of your paycheck to both saving and paying off debt. Even if it’s small and doesn’t seem like much in the present, maintaining good financial habits will help you in the long run.

Think Long Term

Retirement may seem a long way off, but that doesn’t mean it won’t eventually sneak up on you. So consider opening an IRA and begin the process of saving money that contributes to a retirement fund. In fact, we offer an array of IRA products (High yield, online savings account or Raise Your Rate) to choose from. Check them all out here.


Philanthropy is a fulfilling way to truly understand the power of money. Giving is often associated with the holidays, but December isn’t the only time to get in the act. There are many great charities to support that rely on donations both large and small.

What are your New Year’s financial resolutions? How are you planning on making 2016 even better than last year? Tell us below!

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