WASHINGTON (1/2/14)--It's easy to make New Year's resolutions, but it can be harder to carry them out, especially when it comes to financial planning.
In a recent poll by the National Foundation for Credit Counseling, 56% of the respondents said they would be better off financially this time next year. The positive outlook was more than three times the number of those who said their financial situation would be about the same.
It's good to be optimistic about your financial health, but it takes more than hope and a New Year's resolution, said Gail Cunningham, spokeswoman for the non-profit foundation that represents credit counselors nationwide.
"People need to guard against financial amnesia, the affliction of too quickly forgetting the financial mistakes and pain of the past," she said. "Although the future can't be predicted, consumers can protect themselves from financial unknowns by making smart money decisions today."
Credit unions continue to be a resource for members who want to improve their money management skills (See Tuesday's News Now story "CUs Help with New Year's Financial Resolutions.")
Cunningham suggested consumers start by building a financial plan that includes: