If you only keep one resolution this year, resolve to save more

new year resolution

Are you among the more than 40% of Americans who made New Year’s resolutions for 2018? Good for you. People who make a resolution are 10 times more likely to change their lives than those who don’t. That’s the good news. The bad news is that only about 8% of those who make resolutions keep them.

But don’t lose hope. Success can be yours if you follow a few basic rules when approaching resolutions:

  • Keep it simple.
  • Be specific and realistic.
  • Create a plan that breaks it down into manageable bite-size goals.
  • Share your goals with someone who can offer support.
  • Find and use the right tools and resources.
This year, resolve to improve your financial wellness. It’s never been more important to save for your financial future and it’s never been easier.

    Start out with a simple resolution.  

    $ I resolve to start saving.

    Saving even a small amount is better than not saving at all. Open a 403(b) or Roth IRA with WEA Member Benefits and get started in 5 minutes with as little as $20.

    $ I resolve to save more.

    If you’re already saving, great! This year give yourself a raise. Look for opportunities to save more, such as redirecting money from an expense that you no longer have (i.e. diapers, a loan that’s paid off). It’s an excellent strategy.

    Then turn to Member Benefits. 

    • Member Benefits exclusively serves Wisconsin educators and their families.
    • Low-cost 403(b) and IRA retirement savings accounts keep your money working for you.
    • Free financial consultations can help you get started and stay on track.

    Don’t delay. Start today. 

    Time is your greatest ally when it comes to savings.The sooner you start saving, the more time your investments have to grow due to compounding, making it less costly and less painful to achieve financial security. Check out our cool compounding calculator and see the impact of time at weabenefits.com/calculators.

    If one of your resolutions was financial—to spend less, save more (traditionally in the top three), do some financial planning, find out if you are on track to retire, or simply discover what you should be doing now—let us help. It may be the most important thing you do for you this year.

    We have the resources, expertise, and tools to help you keep your resolution and secure your financial future.

    Use our online quick enroll form at weabenefits.com/enroll or give us a call at
    1-800-279-4030.
     

    The 403(b) retirement program is offered by the WEA TSA Trust. TSA program registered representatives are licensed through WEA Investment Services, Inc., member FINRA. The Trustee Custodian for the WEAC IRA accounts is Newport Trust Company.

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