As 2026 approaches, many Americans are prioritizing their finances, reflecting on the findings from a recent survey by Boston-based Fidelity Investments. The survey indicated that 64 percent of respondents are considering financial resolutions for the new year, an increase from 56 percent in 2025. With concerns about affordability prominent in people’s minds, experts from Massachusetts have shared their insights on effective financial resolutions to consider.
In light of rising everyday costs, which the survey identified as the primary financial concern for 2026, financial professionals recommend practical strategies for improving financial health. Here are some specific resolutions that could foster better financial management.
Enhancing Financial Knowledge
One key recommendation comes from Rose Francois, executive director and president of the Midas Collaborative. She emphasizes the importance of financial education, suggesting individuals enroll in free classes offered by local banks, nonprofits, or state offices. According to Francois, understanding the fundamentals of personal finance is essential for building assets and avoiding costly mistakes.
Budgeting for Non-Monthly Expenses
Debra Jacobs, an accredited financial counselor and founder of Money Smart For Life, advises estimating annual costs for irregular expenses. These can include travel, holiday gifts, or car maintenance. Jacobs suggests dividing the total annual cost by 12 and setting aside that amount monthly in a dedicated savings account. This approach allows individuals to manage unexpected costs without resorting to credit cards.
Another practical tip comes from Jay Abolofia, a certified financial planner. He recommends disabling one-click purchasing options on online shopping platforms. By adding a small barrier to impulse purchases, individuals can take a moment to evaluate whether the purchase aligns with their priorities, potentially reducing unnecessary spending.
Establishing Regular Financial Check-Ins
As the new year unfolds, Ariel Nathanson, a certified financial education instructor, suggests scheduling regular “money dates.” These sessions can be brief, lasting anywhere from 15 minutes to an hour. Creating a comfortable environment, such as lighting a candle or playing music, can make these check-ins enjoyable. During this time, individuals can review their spending, savings goals, and upcoming expenses, fostering a proactive approach to financial wellness.
Simplifying financial accounts is another recommendation from Lyman H. Jackson, a certified financial planner. He notes that having too many accounts can complicate financial management. By consolidating accounts, individuals can gain clearer insights into their financial status.
Eliminating Financial Clutter
Edward Jastrem, chief planning officer at Heritage Financial Services, encourages individuals to identify and eliminate unnecessary financial accounts. This could include old bank accounts or outdated investment portfolios. Jastrem highlights that these accounts can become burdensome and complicate financial management.
Understanding core values can also enhance financial decision-making, according to Kimberly Zimmerman Rand, principal at Dragonfly Financial Solutions. She emphasizes the importance of aligning spending habits with personal values. For instance, a client who cherished their daily coffee ritual was able to continue this habit guilt-free after recognizing its significance to their sense of community.
Lastly, Sandra Gilpatrick, a wealth consultant at LPL Financial, stresses the importance of addressing financial foundations. Ignoring retirement planning or financial issues can lead to greater difficulties down the line. Gilpatrick encourages individuals to take the time to evaluate and adjust their financial habits.
As 2026 approaches, these expert recommendations provide actionable steps for individuals looking to improve their financial well-being. By prioritizing education, budgeting, and regular financial check-ins, people can build a more secure financial future.
