DENVER — Lose weight, quit smoking, find a new job and get out of debt. Sound familiar? A survey from the National Endowment for Financial Education finds nearly seven out of 10 U.S. adults will make a financial New Year’s resolution for 2013, a sign that many Americans are as focused on their financial health as their physical health.
Unfortunately, oftentimes, people give up on their goals before January comes to an end. But with financial resolutions, a buddy can help. The NEFE survey, commissioned online by Harris Interactive, says 85 percent of respondents believe having someone who understands their financial goals and can assist in holding them accountable would be helpful.
“A financial buddy can be anyone: a spouse, a trusted friend, a family member or a co-worker, and it doesn’t have to be someone with whom you share all of your financial information,” says Paul Golden, spokesperson for NEFE. “It is similar to having a workout buddy. You want someone to help you stay the course, reach short- and long-term goals and remember that you are not alone. And if you both have similar goals, you can share your respective struggles and triumphs along the way.”
A buddy can make the difference in sticking with financial goals by helping you stay focused, solve problems, make prudent choices, try new approaches and remember that change never comes easily.
“You want someone who is supportive, trustworthy and sets a good example,” Golden adds. “The greatest characteristics of a financial buddy will be someone who shares the same values and vision and someone who can bring perspective to the financial highs and lows that you experience.”
For help with setting goals and getting finances in order in 2013, visit www.smartaboutmoney.org.
Harris Interactive® fielded the study on behalf of the National Endowment for Financial Education from December 19-21, 2012, via its QuickQuerySM online omnibus service, interviewing 2,132 U.S. adults aged 18+. Data were weighted using propensity score weighting to be representative of the total U.S. adult population on the basis of region, age within gender, education, household income, race/ethnicity and propensity to be online. No estimates of theoretical sampling error can be calculated; a full methodology is available by clicking here.