7 Favorite Money Resolutions From Experts (in Case You Can’t Decide on One)

Core Insights - The article emphasizes the importance of setting achievable financial resolutions rather than attempting to overhaul one's entire financial life at once [1][2][3] Financial Resolutions - Experts recommend focusing on one or two measurable financial goals to avoid burnout and increase the likelihood of success [2][3] - Consistency is highlighted as more important than perfection in achieving financial goals [3] Savings Strategies - Automating savings is advised, with a suggestion to establish a routine for transferring funds into a high-yield savings account to build an emergency fund of at least $1,000 [5] - Utilizing high-tech tools and apps can help individuals save money automatically through everyday purchases, which can lead to significant financial benefits over time [6] Tax Preparation - Both employees and independent contractors should prepare for the upcoming tax season by organizing their financial documentation, including contracts and receipts [8] - Self-employed individuals are encouraged to set aside a fixed percentage of their income for taxes to avoid financial strain during tax time [7]