As the new year begins, scores of people join a local gym promising to get themselves in better shape this year. Alas, such decisions don't have much staying power and end up resulting in financial waste. In much the same way, the financial resolutions we make seldom tend to work out as planned. One strategy to ensure success is to automate many of the goals for saving and expenses.
See Carl Richards, "Your Mistaken Belief in Financial Willpower," nytimes.com (Feb. 06, 2012).
Posted by Shahzeb Gaziani, Senior Associate Editor, Wealth Strategies Journal.
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