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Money Regrets and Financial Resolutions for 2018



Fort Lauderdale, January 29, 2018 -As January ends and the holiday bills start to roll in, reports survey finding about American’s money regrets and hopes for the year ahead (see full results below).  Of the 1,300 survey respondents, over 77 percent said they are making financial New Year resolution in 2018 while only 43 percent said they made them in the past.

The two biggest financial regrets selected pertain to credit scores.  Forty-four percent said running-up credit card balances or maxing them out hurting their credit score was the number one regret.  Second place went to missing payments and damaging credit scores at 23 percent.

5 top money regrets from last year

“Credit scores impact many aspects of life – from mortgages and auto loans to getting hired at a job you’re applying for and in light of the recent data breaches it is not surprising that credit scores are a major concern,” says Howard Dvorkin, chairman of

Other notable regrets include:

  • Letting debt go into collections (19%)
  • Draining all the money from savings accounts (18%)
  • Taking money out of retirement accounts (7.5 %)

Of the over 56 percent of respondents who didn’t make New Year resolutions in past, more than 26 percent said it was due to their finances being is such bad shape they didn’t know where to start.

Dvorkin warns, “If people feel their finances are spiraling out of control, the worst thing they can do is hide their head in the sand. Time only makes money problems more harmful and the lack of action can compound issues greatly. People need to reach out and find help.  That is why we formed as a safe space where people can get information and trusted answers.”

Money goals for 2018 included:

  • Paying off credit cards (70%)
  • Saving more money (67%)
  • Spending less and budgeting more (48%)
  • Stop using credit cards (31%)
  • Start investing (16%)
  • Paying off student loans (12%)
  • Buying a car (12%)
  • Buying a home (12%)

Reaching goals: Of the nearly 600 people who said they have made resolutions in the past, 63 percent said they did not reach their goal.

For those who achieved their goals, when asked how long it took them over 42 percent said they worked all year long but just could not get there, while more than 30 percent said they worked for several months, but then got distracted.

The good news: Of those surveyed who did achieve their financial resolutions in the past, 42 percent did so within a year. More than 31 percent said it took over a year, but they finally made it.

About is the consumer website where people can find help with credit card debt, student loan assistance, credit monitoring, tax debt, identity theft, credit repair, bankruptcy, debt collector harassment and more. works with only vetted and certified providers that give the best advice and solutions for consumers ‘when life happens’.

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