With about 66% of U.S. adults intending to make new money resolutions in 2023, according to a recent Fidelity Investments report, it’s a good time to figure out what kind of money moves you should make once Jan. 1 comes and goes.
The sooner you make those decisions and start acting on them, the better.
“It’s always good to reflect at the beginning of the year on what you want to achieve financially in the year to come,” said Well Kept Wallet founder Deacon Hayes. “This way you can be proactive instead of reactive when it comes to achieving your financial goals.”
For example, if you want to save $1,000 by the end of the year, you can start by saving $100 per month in January. “Then, by the time October comes around, you will have the $1,000 saved,” Hayes noted.
2023, in particular, looks like a good year to focus on personal finances given the economic problems the nation faced in 2022–and will face heading into 2023.
According to a recent survey conducted by TopCashback, “only 61% of Americans feel financially confident going into the new year, and 39% of respondents feel less financially confident than they did at the same time last year.”
In addition, the survey found that over half (54%) of Americans will take a ‘break’ from shopping for non-essential items once the new year begins.
“Taking a shopping hiatus can be a great place to start, especially if you’re recovering from holiday debt,” said TopCashback consumer finance expert Rebecca…