Take the first step: Financial resolutions for a more prosperous 2026
As the new year approaches, many people make resolutions focused on health or personal goals.
But what if 2026 also included a renewed focus on finances?
About one in four Americans plans to set financial goals for the coming year, and 31% say they want to save more money, according to a recent WalletHub survey.
The personal finance website notes that the New Year’s resolution season can be an ideal time to improve money habits and offers a list of 16 financial resolutions, along with practical guidance for putting them into action.
Financial experts caution against trying to do too much at once. Instead, they recommend choosing one or two priorities and defining them clearly — for example, “save $150 a month” rather than the vague goal of “manage money better.”
The key, they say, is turning goals into concrete plans that spell out when, where and how changes will happen.
“Don’t set a long wish list with vague or all-or-nothing goals, and don’t rely solely on willpower,” said Hristina Nikolova, an associate professor of marketing at Northeastern University’s D’Amore-McKim School of Business.
Nikolova also encourages people to rethink how they view setbacks. “From a behavioral perspective, treating mistakes as information — asking, ‘What got in the way?’ — is far more effective than starting over from scratch,” she said.
With that mindset, consumers might choose just a few of WalletHub’s suggestions — or take on more ambitious plans. Here are several of the financial resolutions experts say can make a meaningful difference in 2026: Build and stick to a realistic budget
One way to begin budgeting is by syncing credit cards and checking accounts with a budgeting app, which allows users to quickly see where their money goes and identify expenses that could be reduced. Reviewing a budget at least once a week can help keep spending on track.
Save more money
Building an emergency fund should be a top priority in any financial plan. Experts recommend gradually saving the equivalent of 12 to 18 months of net income, starting with a more modest goal — such as two months of pay — to better prepare for economic uncertainty. Automating monthly transfers into a savings account can make the process easier.
Earn higher returns on savings
After multiple interest rate increases by the Federal Reserve in recent years, consumers can now earn more by choosing savings accounts carefully. The average annual yield on online savings accounts is about 3.27%, but some accounts offer returns of 4% or higher, providing a meaningful boost over time.
Refinance high-interest debt
Balance-transfer credit cards with 0% introductory interest rates can allow borrowers to consolidate debt and pay it down interest-free for up to 24 months. Personal loans may offer longer repayment periods, though often at higher interest rates.
Use different credit cards for different purposes
Some experts recommend an “islands” approach — using separate cards for everyday purchases and long-term debt. For example, a rewards card can be used for daily spending, while a 0% interest card handles carried balances. This strategy can reduce interest costs and make overspending easier to spot.
Pay down at least 25% of credit card debt
Reducing existing balances remains a challenge for many households. WalletHub estimates that paying off 25% of credit card debt over the course of 2026 would amount to about $2,755 for the average household, or roughly $230 per month using a 0% balance-transfer card with at least a 12-month introductory period.
Pay bills immediately after getting paid
Covering monthly obligations first — before discretionary spending — can help households better understand what they can truly afford. It also reduces the risk of late payments, one of the fastest ways to damage a credit score.
As 2026 begins, financial experts say the goal isn’t perfection but progress. With realistic plans and a willingness to learn from missteps, small changes can add up to long-term financial stability.
