CHICAGO (8/12/13)--More than half of Americans are focused on fun in the sun this summer instead of the financial resolutions they set back in January, TransUnion found in a recent survey. The credit and information management company reminds consumers to take time this summer to conduct a mid-year checkup and evaluate their financial goals for 2013.
"The trick with resolutions is to keep them achievable--the tendency is to attempt too much and set yourself up for failure," Susan Tiffany, director of consumer publications for the Credit Union National Association, said Friday. "One simple technique to save more money, for example, is just to set up direct deposit and automated transfers from checking to savings. You can use a similar technique to pay down credit cards, by setting up automated payments."
Nearly a quarter of Americans surveyed (22%) say they have abandoned their financial resolutions for 2013. Also, nearly a third (29%) of those said they were less than halfway to their 2013 goals, according to a recent Google Consumer survey commissioned by TransUnion.
"A mid-year checkup is the perfect time for consumers to appraise their current financial situation and make goals for where they want to be at the end of 2013," said Julie Springer, vice president at TransUnion responsible for consumer education.
Credit unions can help their members get financially fit and reach their financial resolutions for 2013 with these tips from TransUnion: