I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some many rehab. So I'm famously am super into New Year's Eve. I know that the parties can be a little

anti-climactic but I absolutely love what the day represents.

I mean it's a chance for us to all think about not just what we want

2024 to look like but also how we're gonna get there.

The how question is really where New Year's resolutions comes in.

And when we sit down to make our resolutions,

money pops up quite a bit.

And quite a bit is kind of an understatement.

66% of Americans are considering financial resolutions for 2024,

but resolutions can be a real hit or miss.

I'll own up to the fact that I have definitely made resolutions that I probably abandoned by like January 20th and that's

because way too often our resolutions set us up for failure. Normally we're way

too ambitious to be realistic. I see this happen all the time.

Last year I spoke to a woman who made her 2023 resolution

to pay off her student debt.

But she had tens of thousands of dollars outstanding

and she didn't have the kind of income to make those payments and also, you know, eat?

Here's another one. I have a friend who shall remain nameless who said she was going to contribute a thousand bucks a month to her retirement account.

So fast forward to June, I checked in with her and she said that a couple months earlier she got hit with

a surprise bill for her car, so she missed one month of making a retirement contribution and then just abandoned the

resolution altogether and stopped making monthly retirement payments at all.

...