If you’ve written off New Year’s goals as ineffective gimmicks, reconsider. People who made money resolutions last January felt more financially optimistic and secure by year-end than those who skipped a resolution, a new Fidelity survey finds. But committing to a big goal is one thing; devising a smart strategy to see it through is another. So for several popular resolutions, we asked experts for tactical advice. Here’s what they said.
|Save more for retirement |
Maxing out your 401(k) is a great start—but it’s not enough. Here’s what else you can do.
|Stick to a budget and spend less |
A few simple mental tricks can help you get excessive spending under control.
|Save for an emergency |
To make building a rainy-day fund easier, automate it. Here’s how.
|Pay down debt |
There’s no one right way to tackle debt. The important thing is to pick a strategy you can stick with.
|Improve work-life balance |
Success in the workplace is great, but often it comes with a price—the need to work even harder. Here’s how to ease the strain.
|Money Readers Weigh In|