Bailout for The Common Man

Financial resolutions you can actually keep.


Every year, millions of Americans make well-intentioned New Year's resolutions to get their money straight.

"I'm going to get out of debt."

"I'm going to stick to a budget."

"I'm going to save more.

Too bad many of those declarations are broken before the end of January.

We have trouble keeping these promises because we don't look at what got us into trouble in the first place. But here's something you can take to the bank: Until you look at what's really behind your financial choices, you will fall back into the same old patterns again and again.

Moving from Resolution to Action: Know What You're Planning For!

The first step in any financial plan is to get a clear picture of what you're planning for. Desires like "I want to spend less" or "I want to save more" are short on specifics and rarely accompanied by a plan. You must be specific.

"I want to save $5,000 to start a business."

"I want to save an extra $200 a month to pay down my credit cards."