Each year, almost half of Americans develop New Year’s resolutions to improve different aspects of their lives. Often these resolutions involve health and personal finances. Specific examples include saving money, reducing debt, losing weight, quitting smoking and increased physical activity.
According to a University of Scranton study published in the Journal of Clinical Psychology, the top five New Year’s resolutions for 2014 were: 1. lose weight, 2. get organized, 3. spend less, save more, 4. enjoy life to the fullest and 5. stay fit and healthy. Three of these top five resolutions (#1, #3, and #5) directly involve health and personal finances while the other two (#2 and #4) are indirectly related (e.g., organized people are likely to keep their finances on track and healthy and financially secure people are able to live life to the fullest). [Read more…]