Experts’ practical tips to keep New Year’s financial resolutions

Financial and behavior experts offered a range of suggestions to help people make and keep New Year’s financial resolutions, including paring the list of goals, making saving automatic and avoiding spending temptations such as marketing emails. Many Americans said they have a financial resolution for 2026, according to a Vanguard survey, even though about three-quarters conceded they fell short of saving and spending goals last year.

The survey found the top goal was building a fund for emergency costs, and participants cited barriers such as economic uncertainty, insufficient income and unexpected expenses. Experts recommended focusing on a few priorities, making goals specific and planning the actions that will achieve them.

E.J. Masicampo, a goal-setting researcher, noted people often juggle many objectives and advised narrowing the list. Kate Byrne of Vanguard urged automating savings—"Set it and forget it," she said—and Katy Milkman of Wharton highlighted research showing small, bite-sized framings can boost participation.

Other practical steps included cancelling unused subscriptions and unsubscribing from promotional emails and keeping rainy-day funds at a different bank, a tactic cited by Cindy Wilson. On using a cash reserve, Jesse Mecham said the fund is meant to be used and suggested naming it for its intended purpose.

Key Topics

Business, Vanguard, Emergency Fund, E.j. Masicampo, Katy Milkman, Jesse Mecham