Question of the Day: What is one of the top 3 financial resolutions for the new year?
For many, a new year means new resolutions. The top three most common financial resolutions remain consistent year-over-year. Can you guess what they are?
Answer:
- Save more money
- Pay down debt
- Spend less money
Questions:
- Which resolution from the top 3 do you think is most important? Why?
- Have you ever thought about making a financial resolution as you start a new year? If so, what was it?
- Select one of the resolutions in the top 3. What are some strategies you could use to achieve that goal?
Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Fidelity):
"Fidelity Investments’® annual Financial Resolutions Study is designed to explore attitudes about making New Year financial resolutions. This year’s study examines how Americans are approaching the new year given economic headwinds of inflation and market volatility and explores whether they’re making a resolution to improve their financial situation. ”
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Want to access more Behavioral Economics-focused activities and resources? Check out the Behavioral Economics unit page.
About the Author
Mason Butts
After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.
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