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Emily's list: New Year's resolutions edition
I don't like making New Year's resolutions. They often sound fun or motivating at first, but then I just feel guilty if -- or rather, when -- I cannot live up to them. Despite my qualms about setting lofty goals, I still appreciate the practice of it. Starting the calendar over makes many of us feel like we are wiping the slate clean and getting a new start. It's as good a time as any to start over and set goals for ourselves, though it is all too easy to give up quickly when the novelty wears off.
But as My Dollar Plan says below, perhaps the problem is that we get overly ambitious. We should instead take baby steps and create what are essentially minigoals that help us eventually fulfill larger ones. Paying an extra $15 on every credit card payment, for example, sounds like a far less intimidating goal than trying to shed $15,000 of debt.
What do you think? What is your personal finance resolution this year? Mine is, as always, to refrain from as much impulse shopping. As you ponder yours, I encourage you to read the recent posts below from some of the Web's best personal finance bloggers, nearly all of which discuss New Year's resolutions and goal-setting. Happy New Year!
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