{"id":110759,"date":"2025-02-26T07:34:28","date_gmt":"2025-02-26T07:34:28","guid":{"rendered":"https:\/\/peraltafinancing.com\/activist\/more-than-half-of-americans-seek-to-improve-their-money-management-skills-for-2025\/"},"modified":"2025-02-26T07:34:28","modified_gmt":"2025-02-26T07:34:28","slug":"more-than-half-of-americans-seek-to-improve-their-money-management-skills-for-2025","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=110759","title":{"rendered":"More Than Half Of Americans Seek To Improve Their Money Management Skills For 2025"},"content":{"rendered":"


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Wealth Builders<\/figcaption><\/figure>\n

Americans Aim for Better Financial Habits in 2025<\/b><\/h3>\n

A recent survey revealed that a majority of Americans are looking to improve their financial habits in the coming year, reflecting a growing awareness of the importance of personal financial management. Conducted by Talker Research and commissioned by global savings platform Raisin<\/a>, the study surveyed 2,000 adults and highlighted significant trends in financial planning and literacy.<\/p>\n

Financial Resolutions for 2025<\/b><\/h3>\n

The survey found that 65% of respondents are hopeful about making positive changes to their money habits in 2025. Nearly half (49%) expressed intentions to \u201chibernate\u201d in January by being less socially and financially active after the holiday season. This approach is seen as a strategy to recover financially from the typically expensive festivities and to start the year on a more frugal note.<\/p>\n

One striking finding from the survey is that 44% of respondents plan to limit their spending to absolute necessities during the month of January. By doing so, many hope to regain control of their budgets and build a stronger foundation for financial success throughout the year. Additionally, 29% mentioned they would put dating or dining out on hold, estimating potential savings of over $3,000 on average.<\/p>\n

Addressing Financial Literacy Gaps<\/b><\/h3>\n

Financial literacy remains a challenge for many Americans, as highlighted by the survey. A quarter of respondents (26%) admitted they are unaware of the interest rates they receive from their banks or financial institutions. Furthermore, when asked about financial terminology, 59% did not understand the meaning of APR (annual percentage rate), and a staggering 78% were confused by the abbreviation APY (annual percentage yield).<\/p>\n

\u201cFinance can be an intimidating topic,\u201d said Cetin Duransoy, CEO of Raisin. \u201cIt\u2019s so important to have a solid financial plan in place. That way you can be intentional and spend on what brings you joy while working towards financial security.\u201d He emphasized the importance of seeking help when needed, whether from a trusted family member, friend, or financial expert.<\/p>\n

Lessons from 2024<\/b><\/h3>\n

Reflecting on their financial goals for the previous year, a striking 89% of respondents admitted they had not accomplished everything they set out to achieve in 2024. The top resolutions left unfinished included:<\/p>\n