Experts say it really is possible to use Jan. 1 as an opportunity to turn over a new financial leaf. "There’s science called the fresh start effect, and it’s a really cool way to make resolutions stick. Instead, she suggests starting with an extremely small goal — what she calls a "micro- or nano-goal." "We talk a lot about money management, but we never seem to talk about money mindset," she said. "But if you have a plan and have these weekly check-ins, you're more likely going to stick to your resolution way past February."

Source: Forbes January 04, 2024 16:55 UTC