Why New Year’s Financial Resolutions Fail (and What to Do About It) // Make Change 2018-03-11T17:00:21-05:00

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Like 40 percent of my fellow Americans, I started this year with a list of goals I wanted to achieve in the next 12 months. But also like most of my fellow resolution makers, I’ve struggled in the past to keep the momentum going throughout the year.

Despite good intentions and a healthy dose of determination, less than half of people who make New Year’s resolutions are sticking to them at the six-month mark. To understand why so many resolutions go unfulfilled (and keep myself in check this year), I spoke with Mary Gresham, an Atlanta-based psychologist and financial therapist.

It can often come down to our impossible expectations. “People get the wrong goals in mind,” says Gresham. “Instead of one small, doable goal they can maintain, they set goals that are too big or too hard and too outcome-oriented.”

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