Top 5 Reasons to Start Your New Year's Savings Resolutions Today
As the holiday season winds down, it’s tempting to put your financial goals on the back burner until January 1. But why wait? Starting your savings resolutions today could mean less stress, more financial freedom and a head start on building the life you want.
Here are 5 reasons why starting your savings resolutions now (yes, before January 1) is one of the best decisions you’ll make this year:
1. You’ll Beat the “January Rush” and Build a Habit Early
Hughes Tip: Set up automatic transfers with a Hughes Savings Account. Even $10 a week adds up, and you won’t have to think about it.
2. More Time Means More Growth (Thank You, Compound Interest)
Here’s a secret: time is your savings’ best friend. When you start early, you give your money more time to grow and it’s not just about how much you save, but when you start saving.
Take this example:
Start saving $50 a month now instead of waiting until January or later, and by next December, you’ll already be ahead—plus, you’ll have earned interest along the way. With Hughes’ competitive savings rates, your money works harder for you. It’s like giving yourself a financial raise without adding a single hour to your workday.
3. Savings Help You Handle Life’s “Uh-Oh” Moments
Hughes’ tools like myHUB and CreditSmart make tracking your savings goals easy, so you’ll know exactly where you stand and how close you are to your next milestone.
4. You’ll Stress Less During Holidays, Birthdays and Vacations
If the holidays caught you off guard this year, Hughes offers a Holiday Loan with competitive rates to help you manage seasonal expenses without dipping into your savings.
5. Seeing Your Savings Grow Is Motivating
- Start small: Set a weekly savings target like $15 or $25.
- Celebrate wins: Hit your first $100? Treat yourself to a small reward.
Track your progress: Hughes’ digital tools like myHUB make it easy to monitor your growth and keep the momentum going.
When you see progress, you’ll feel inspired to keep pushing forward.
Bonus: Help Your Kids Build Smart Money Habits, Too
Want more tools to teach your kids (or yourself) about money? Check out MoneyCoach, Hughes’ free online resource with interactive modules on budgeting, saving, and more.