Most North -Americans want to improve their money habits by 2025, here is how they do

According to a recent survey, most North -Americans want to improve their financial habits by 2025.

The survey at 2,000 North -Americans also found that more than four in 10 (42%) predict that they will have a “holiday hangover” this year.

Almost half (49%) plans to hibernate in January, be less active and social and spend less money after the holiday season of 2024.

Commissioned by Global Savings Platform, Raisin, the study found that, along with 65%, hoping to improve their money habits by 2025, more than a quarter (26%) would like to improve their financial literacy during the new year.

To illustrate this lack of financial literacy, more than one in four respondents (26%) do not know what interest rate obtains from their financial bank or institution.

When examined, the majority (59%) did not know what APA (percentage rate) meant, 78% were mistaken for abbreviation APY (annual percentage performance) and 79% did not know that ROI is “investment performance”.

The respondents also weighed with their general reflections by 2024, and more than half of the respondents (54%) said that in 2024 it was moved away. ”

In addition, the majority (89%) did not achieve everything they proposed by 2024.

The most common incomplete resolutions last year are not to save enough money (51%), not being as appropriate and active as planned (38%), not traveling enough (32%) and not spending reflective money (31%).

Most (55%) are planning to adopt a “slow life” approach until 2025, and on average, these respondents plan to delay their lifestyles by 33% in the new year.

More than four out of North -Americans (44%) plan to participate in January Sec and another 44% make a challenge of “not buy” (only spending money on what is absolutely necessary) in January.

“One of the first steps to improve your finances is to take advantage of your financial literacy,” said Cetin Duransoy, CEO of Raisin. “And don’t feel bad if it looks like a discouragement task. Finance can be an intimidating topic. So ask for help, if necessary, a member of the trust family, a friend, an expert in finance or an institution.”

According to the results, the slowdown of the new year may have a huge impact on the portfolios.

Those who plan to pause social media for all or some of 2025 (37%) predicted that they would save a surprising $ 5,366, on average, doing it.

Respondents who stop with the dating of all or some new year (29%), estimate that they will save $ 3,961, on average.

Thirty-one percent is making a point to stay on the sidelines of new health trends by 2025 and estimate that they will save $ 3,900 for their matter.

“The investigation demonstrates how fast the dollars are added if they are not budgeted and consciously expenses,” said Duransoy. “It is so important to have a solid financial plan. In this way you can be intentional and spend on what brings you joy as you work to financial safety.”

Survey Methodology:

Talker Research surveyed 2,000 north -American general populations; The survey was commissioned by Raisin and was administered and made online by Talker Research between November 26 and December 2, 2024.