smart spending

6 ways to avoid financial Groundhog Day

Repeated mistake: Not acting on good intentions
Repeated mistake: Not acting on good intentions © Gustavo Toledo/Shutterstock.com

"We mean to set a budget, we mean to keep good records and mean to save," Susswein says. "But those things don't always happen."

So, another New Year's resolution bites the dust.

The key to making it real: "Pick one of these and start working toward it," she says.

If you're trying to get your finances organized, "set up a paper folder and throw in your receipts," Susswein says. And if you want to save money, have a small amount automatically deposited to a savings account after you get paid.

And make a spending plan for your money -- even if your first one is simple. That's one move that will get you out of the money-mistake rut, Burroughs says.

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