Improving your finances is the top resolution for the new year

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Editor’s note: Lawyer and car-buying expert Adam Goldfein fills in for Clark Howard Monday the 19th – Wednesday the 21st of this week. Below is a summary of some of what he discussed. Visit AdamGoldfein.com for more information.

Money worries are taking precedence over health and fitness at a time of year when most of us are thinking of New Year’s resolutions. In fact, finances are probably the area more people want to fix in 2012 than any other.

The top financial blunders of 2011, according to a survey by Principal Financial Group, include the following:

  • Some 20% of respondents said they didn’t save enough in the year 
  • Eighteen percent said increasing debt was their top mistake

Looking ahead, the top financial-specific resolution for 2012 is saving a set amount of money each month and paying credit cards, according to 26% of respondents. Meanwhile, 21% resolve to cut spending by specific amounts in the new year.



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