These strategies can help turn your 2020 money resolutions into reality

These strategies can help turn your 2020 money resolutions into reality
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Chances are, making better money choices is one of your goals for 2020.

Almost 99 million people will make a financial resolution this year, according to a recent survey from personal finance website WalletHub.

For many, there are two burdens they want to eliminate in 2020: low savings and high debt.

Putting aside more money and paying down balances are the two top financial resolutions for 2020, according to a new survey from Fidelity Investments. That is followed by spending less.

That comes as the Federal Reserve found earlier this year that many adults could not afford to cover a $400 unexpected expense. Meanwhile, almost half of Americans have no rainy day fund, according to the Financial Industry Regulatory Authority.

They key to shoring up your safety reserves — and keeping your resolutions — is to map out how you’re going to get there.

 

Source:  CNBC

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