Why many financial New Year's resolutions fail

With 2011 here, you may already have an idea for a financial resolution. The only problem with New Year's resolutions is that it can be difficult to stick to them, even with the best of intentions. Here's what to look out for to make sure your shiny financial New Year's resolution doesn't get tarnished.

Unrealistic resolutions
It can be great to set a goal so high that it gives you the motivation to push hard to try and reach it, but if the goal is too far out of reach, you're likely to feel disconnected and give up when you don't make any visible progress.

A goal should be just slightly out of reach of what you can realistically achieve. For instance if you know you can save aside $500 a month, then setting a goal of saving $600 a month will be a bit of a challenge, but not so much that you'll get frustrated and give up if you don't reach it. more at the link
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