Already Bid Adieu to “New Year, New You”?

Did you make New Year’s resolutions to improve your financial wellness in 2026?

The start of a new year invites reflection on what went well, what didn’t, and what to change.

Think back to 2025. Was it supposed to be the year you’d pay off all debts, max out savings, run a marathon, learn a new language, and still book that dream vacation—all before February?

Lasting financial change is difficult to achieve. Understanding why resolutions fail can help turn intentions into sustainable strategies.

1. Unrealistic Expectations

The most common reason resolutions fail is that goals don’t match reality.

For example, someone might plan to save half their income while paying off long-standing loans, only to realize monthly expenses and unexpected bills make this unrealistic. Progress feels slow, leading to frustration and eventual abandonment.

Resolution: Break goals into smaller, achievable steps. For example, aim to reduce debt by 25% over six months. Celebrating incremental wins keeps motivation high, builds confidence, and reinforces the habit of financial discipline.

2. Lack of a Clear Plan

Vague goals such as “save more” or “get out of debt” offer little guidance. Goals like these are the financial equivalent of saying “eat healthier” without changing what’s in your fridge.

Rules and opportunities change yearly, so without a clear plan, it’s easy to miss important steps like evolving retirement contribution rules, tax planning opportunities, or other proactive financial strategies.

Resolution: Create a clear plan. Review monthly expenses, budget upcoming projects and aspirations, set up automatic transfers, and monitor progress.

3. Failure to Track Progress

Goals fade without structured review, even when apps are used to track spending. Many avoid holistic review until problems become too great to ignore.

Even small oversights like pausing emergency savings transfers, frequent DoorDashing restaurants a mile away, or buying from social media ads can derail intentions. It’s also important to evaluate actual income, since “spenders” believe their pay will match their top year, overlooking factors like unique company performance or equity grants.

Resolution: Schedule quarterly check-ins that leverage technology and constructive feedback. Celebrating milestones helps maintain motivation and reinforces strong financial habits.

4. Emotional Spending and Instant Gratification

Many struggle with impulse spending or seek instant gratification, especially after a stressful day. Afraid to look at your Amazon spending history? This behavior derails the best-laid plans.

Resolution: Identify triggers and implement strategies to delay or review purchase decisions. Create a spending prioritization strategy by identifying where you want to spend your money; this helps shift focus from immediate desires to long-term financial goals and encourages thoughtful, deliberate financial choices.

5. Lack of Accountability

Some thrive independently; others struggle without support. It’s easier to justify financial decisions when no one else is watching. Couples, friends, or professional advisors who provide accountability often help keep each other honest and motivated.

Resolution: Accountability goes beyond “no.” Sharing progress and receiving guidance builds confidence, strengthens financial habits, and motivates continued long-term efforts.

Quick Hits To Start 2026

• 401(k) Catch-Up Rules: Workers over 50 making over $150,000 must direct catch-up contributions to Roth accounts, reducing traditional tax benefits.

• Roth Conversions: Converting pre-tax accounts to Roth can be strategic but may trigger higher taxes if not timed carefully, so model in Q1.

• Cash Reserves: With slower job growth in late 2025, increasing emergency savings can help avoid reliance on credit or early retirement withdrawals.

Final Thoughts

Financial resolutions can be powerful tools for long-term security but require more than wishful thinking.

Make 2026 the year to socialize your goals, set action steps, and partner with a Certified Financial Planner™ professional to turn intentions into lasting progress.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Glenn Brown is a Holliston resident and owner of PlanDynamic, LLC, www.PlanDynamic.com. Glenn is a fee-only Certified Financial Planner™ helping motivated people take control of their planning and investing, so they can balance kids, aging parents and financial independence.

The original article appeared in the December editions of Local Town Pages for Holliston, Natick, Ashland, Franklin, Hopedale, Medway/Mills, Bellingham, and Norfolk/Wrentham. Additionally the Hopkinton Independent and the Community Advocate for Shrewsbury, Westborough, Northborough, Southborough, Grafton, Marlborough, and Hudson.

Please call me at (508) 834-7733 or directly schedule a meeting to learn more about considerations for planning and investing so you can balance kids, aging parents, and your financial independence.

PlanDynamic, LLC is a registered investment advisor. This article is intended to provide general information. It is not intended to offer or deliver investment advice in any way. Information regarding investment services is provided solely to gain a better understanding of the subject or the article. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy will be profitable.

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