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Friday, March 1, 2024

Here’s how to make that financial New Year’s resolution a reality

Like millions of Americans, you've probably made some New Year's resolutions.

Now you need to figure out how to keep them.

One report puts the failure rate at 80%. Yet, more than 55% of U.S. adults think they'll follow through on their resolutions this year, a recent survey by the personal finance website Finder found.

Health and money typically top the list, and this year is no exception. Many hope that 2021 is a turning point, after a difficult 2020 that saw the coronavirus pandemic tank the economy.

In fact, 65% of Americans age 18 and older are considering a financial goal for the new year, according to Fidelity Investment's 2021 financial resolutions study.

"It is optimistic and hopeful to make resolutions because it is showing you have a vision for a better future and you want to help yourself get there," said Meredith Stoddard, vice president of life events planning at Fidelity.

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