Skip to main content Accessibility help
The blue logo for John Hancock
  • Help center
  1. Help center

For financial professionals

  • Life insurance
  • Investments
  • Retirement
  1. For financial professionals

    • Life insurance
    • Investments
    • Retirement
  • For plan sponsors
  1. For plan sponsors
Sign in or register
  • Home

  • Insure

    Insure

    Protect what matters most.

    Explore insure
    • Term life insurance
    • Employer Solutions
      1. Premier Benefit IUL
    • Hybrid solutions
      1. LifeCare
    • Permanent life insurance
    • Vitality
    • Aspire with Vitality
    Life insurance to help you live a longer, healthier life.
    Talk to an insurance professional
  • Invest

    Invest

    Make your money work harder for you.

    Explore invest
    Personalized advice to help you meet your financial goals.
  • Retire

    Retire

    Something you can look forward to.

    Explore retire
    Enjoy what comes next
  • Insights

  • About us

    About us

    Connecting customers and communities.

    Explore about us
    • Community Investment
    • Diversity, Equity and Inclusion
    • Leadership
    • Newsroom
    • Our Culture
    Let’s build better, together
    View current career opportunities
  • Help center

    Help center

    Resources, FAQs, contact information and more.

    Get started
    • Life insurance
    • Retirement
    • Individual annuities
    • Long-Term Care
    • Investments
    • Group annuities
    • Other resources
    Have questions about a product or service?
    See how to contact us
  • Home
  • Insure
    • Explore insure
    • Term life insurance
    • Employer Solutions
      1. Premier Benefit IUL
    • Hybrid solutions
      1. LifeCare
    • Permanent life insurance
    • Vitality
    • Aspire with Vitality
  • Invest
    • Explore invest
  • Retire
    • Explore retire
  • Insights
  • About us
    • Explore about us
    • Community Investment
    • Diversity, Equity and Inclusion
    • Leadership
    • Newsroom
    • Our Culture
  • Help center
    • Get started
    • Life insurance
    • Retirement
    • Individual annuities
    • Long-Term Care
    • Investments
    • Group annuities
    • Other resources
    • Help center
    1. Help center

    For financial professionals

    • Life insurance
    • Investments
    • Retirement
    1. For financial professionals

      • Life insurance
      • Investments
      • Retirement
    • For plan sponsors
    1. For plan sponsors

Your browser is not supported.

To use our website, we recommend using the latest version of Microsoft Edge, Chrome, or Safari.

How to make and keep your financial resolutions

Finance 101
Young professional man working in a cafe on his laptop.

 

Whether it’s getting in shape, setting financial goals, being more charitable or being more environmentally responsible, we all begin the New Year with improvement goals. Unfortunately, many of these noble resolutions don’t last the winter, especially if we set the bar for success too high. According to U.S. News, 80% of New Year’s resolutions fail by February.1
 

So, how do we make New Year’s resolutions that we can actually stick to, especially when it comes to our financial aspirations?


While we can’t help you with a meal plan or gym routine, Misty Lynch, CFP®, John Hancock’s Head of Financial Planning, developed a list of simple strategies you can use throughout the year to help you make and keep your financial resolutions beyond the ball drop.

 

1. Reflect on your spending

Looking back at your year in spending is one of the best ways to consider what you might do differently with your money in the next year. Whether it’s spending less, saving more, rolling over an old 401(k) or even hiring a financial advisor, tracking last year’s spending is the crucial first step in successfully sticking to a financial resolution.

2. Set a savings goal

Whether it’s starting a business, furthering your education, or just building a rainy-day fund, it’s important to set a target for how much you need to save monthly in order to comfortably reach your primary financial goal. Knowing that number can give you peace of mind and allow you to set a realistic budget as you make spending decisions year round. A great way to stay on track with your savings and budget is with a budget plan; the 50-20-30 rule could become your new best friend in the New Year.

3. Maximize your assets

As this year turns into the next, try not to leave any money on the table. Max out contributions to your 401(k), take all of your remaining vacation days, and take a good look at your benefits to cover all the bases. In recent years, Americans forfeited more than 200 million vacation days annually, giving up about $66.4 billion in lost benefits.2 Make the end of each year the time you get the most out of your hard-earned dollars.  

4. Re-evaluate your current finances

Aside from spending time with loved ones during the holiday season, it’s also a great time to re-evaluate some of the things you’re currently spending money on. For example, car insurance companies change their rates monthly, so by shopping around for a new plan at the end of the year, you’re more likely to find a cheaper rate.3  Whether its insurance, employee benefits, or subscription services, now is a great time to evaluate what is still worth spending money on, and figure out what in your budget can be reduced, replaced, or eliminated.

5. Plan to pay down debt

Whether you’re utilizing online tools, taking advantage of free calculators, or finally speaking with a financial advisor, it’s a good idea to go into next year with some long- and short-term plans to pay down any debt you may have. Everyone’s financial circumstances are different, so be sure to choose a plan of action that’s best for you.

 

Whatever your financial goals are for the coming year, don’t try to tackle them all at once. The best resolutions are the ones you stick to, and that takes time. If you have questions or want further advice on how to make—and keep—your financial resolutions, a financial advisor can help.

 

You bring your goals. We’ll help you get there.
Start a financial plan

More on this topic

  • How—and why—to set up an emergency savings account
  • 15 estate planning terms to add to your vocabulary
  • What’s the difference between a will and a revocable living trust?
  • Estate planning 101
  • 4 financial moves for empty nesters



Citations:

1 U.S. News: “Why 80 Percent of New Year's Resolutions Fail” Joseph Luciani, December 29, 2015 https://health.usnews.com/health-news/blogs/eat-run/articles/2015-12-29/why-80-percent-of-new-years-resolutions-fail
2 CNBC: “Unused vacation costs workers $66 billion in lost benefits” by Jessica Dickler, January 30, 2018 https://www.cnbc.com/2018/01/30/unused-vacation-costs-workers-66-billion-in-lost-benefits.html 
3 Insurify: “9 Reasons Why You Need to Shop for Car Insurance Every 6 Months (2021)” by Sabrina Perry, March 30, 2021 https://insurify.com/blog/car-insurance/9-reasons-to-shop-for-car-insurance-every-6-months/

Individual
  • Annuities
  • College savings
  • Group annuities
  • Life insurance
  • Investments
  • Retirement
  • Rollover
  • Safe-access accounts
  • Travel insurance
Financial Professional
  • Annuities
  • College savings
  • Life insurance
  • Investments
  • Retirement
Plan Sponsor
  • Retirement / TPA
  • Retirement / plan sponsors
  • International group program
About Us
  • Community Investment
  • Diversity, Equity and Inclusion
  • Leadership
  • News
  • Our Culture
Quick Links
  • Careers
  • Help center
  • Lost or unclaimed policy form
  • Contact John Hancock
  • Manulife Global
  • Manulife Investments
  • Manulife Real Estate
  • Manulife Re
  • © 2025 John Hancock
  • Stock Price
  • Privacy & Security
  • Fraud Prevention Center
  • Legal
  • Accessibility
  • Do Not Sell or Share My Personal Information