2/12/2014 - Saving money leading goal for New Year's once again
Losing weight may be the fallback resolution for many Americans following New Year's, and another common commitment is saving money. In fact, perhaps because interest rates have risen, nearly four in 10 say that putting more of their hard-earned money away will be their top goal for 2014, according to the results of a recent poll.
The top monetary aim for Americans in the new year is saving money, consumer finance firm GoBankingRates.com reported. Approximately 1,500 adult men and women were surveyed as part of the poll, which was conducted by Google Consumer Surveys.
"Considering the typical debt hangover Americans experience post-holidays, it makes sense that 'saving money' and 'paying down debt' are popular resolutions this year," said Jennifer Calonia, editor of GoBankingRates.com. "Recent events like the government shutdown and health care changes undoubtedly play a big role in these choices, too."
Other leading financial objectives for consumers this year, the poll found, include paying down debt, investing in resources that have a high rate of return, striving to perform well on the job in order to get a raise and building an emergency fund.
The leading goals that consumers plan to focus their attention on differed depending on how much money respondents made. For example, the survey found that among those who made more than $150,000, nearly one-third said their greatest aspiration was to build an emergency fund. Meanwhile, those earning between $100,000 and $150,000 said saving money was their top objective, indicated as such by 50% of respondents.
There are various ways in which to save money, including reviews of your annual insurance premiums. For example, at Selective, we offer discounts to customer who combine their home and auto policies and also offer affinity discounts for teachers, firefighters and medical professionals. To learn more, contact one of our independent agents today to see if we can help put a few dollars back in your pocket.