As the new year approaches, setting financial goals for 2026 becomes a priority for many individuals. During a recent discussion on Here & Now, financial analyst Jill Schlesinger shared her insights on how to formulate effective financial resolutions and the importance of adhering to them. Schlesinger, who hosts “Jill On Money” on CBS News, emphasized practical strategies to enhance financial well-being.
Understanding the landscape of personal finance is crucial, especially with upcoming changes linked to President Trump’s One Big Beautiful Bill. As this legislative measure takes effect, individuals may find new opportunities and challenges that could impact their financial planning. Schlesinger highlighted the significance of staying informed about these developments to navigate the evolving financial environment effectively.
Key Strategies for Financial Resolutions
To achieve financial goals, Schlesinger suggested that individuals start by setting specific and measurable objectives. Rather than vague aspirations, such as “I want to save more,” she advised people to define clear targets, such as “I will save $5,000 by December 2026.” This clarity allows for better tracking of progress and increases the likelihood of success.
Another essential aspect of maintaining financial resolutions is accountability. Schlesinger recommended sharing goals with family or friends or even joining a financial group for support. This communal approach fosters motivation and provides a network of encouragement, making it easier to stay committed.
One common mistake that many make is not accounting for unexpected expenses. Schlesinger stressed the importance of creating a flexible budget that accommodates unplanned costs. By anticipating these expenses, individuals can avoid derailing their financial plans and stay on track toward their goals.
Anticipating Changes in the Financial Landscape
The financial landscape is set to shift with the implementation of various provisions from President Trump’s bill. These changes may affect tax brackets, potential benefits, and investment strategies. Schlesinger urged individuals to review their financial plans in light of these new regulations and adjust accordingly.
For example, if tax benefits change significantly, it might be wise to consult with a financial advisor to reassess investment portfolios. Understanding these potential impacts can help individuals make informed decisions that align with their financial aspirations for 2026.
Planning for the future requires vigilance and adaptability. As outlined in the conversation, being proactive about financial goals and staying informed about legislative changes can significantly enhance one’s ability to achieve desired outcomes. With the right strategies in place, individuals can confidently approach 2026, equipped to tackle their financial objectives head-on.
