Realistic financial resolutions are relatively easy to achieve.
We all know the drill by now: Make a New Year’s resolution to lose weight or reduce spending or finally finish that novel. Fail in miserable fashion. Feel bad about yourself and scarf down a tub of double-chocolate ice cream.
“If it’s a few seconds to New Year’s and you’re just throwing something up in the wind, then it’s not going to work,” said Dr. John Norcross, a psychology professor at the University of Scranton who has conducted multiple studies on the subject. “It requires preparation. You have to be serious about the endeavor.”
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