Washington, DC (PRWEB) December 31, 2013
The December poll hosted on the National Foundation for Credit Counseling (NFCC) website revealed that more than half of the respondents, 56 percent, predicted they would be in a better place financially at this time next year. This response rate tripled the next highest category where 18 percent of respondents indicated their situation would remain about the same as it is this year.
“Financial optimism is a healthy sign, but it’s going to take more than hope, more than a New Year’s Resolution, to make financial success a reality,” said Gail Cunningham, spokesperson for the NFCC. “People need to guard against financial amnesia, the affliction of too quickly forgetting the financial mistakes and pain of the past. One way to do that is by having a financial plan. Although the future can’t be predicted, consumers can protect themselves from financial unknowns by making smart money decisions today.”
Financial control starts with financial awareness. New Year’s Resolutions typically involve getting out of debt, but the basic step of creating a spending plan is rarely on anyone’s list, as many people don’t want to face the financial facts. Continuing to ignore current spending patterns can prevent a person from identifying and addressing the very reason that debt reduction is not achieved.
NFCC encourages consumers to take the first step toward debt reduction by building a 2014 financial plan, including the following often forgotten or ignored areas. The result will be a comprehensive and realistic budget, moving the goal of debt reduction closer to becoming a reality.
Consumers can learn more about managing their overall finances by visiting the Sharpen Your Financial Focus website, http://www.SharpenToday.org, or calling toll-free 855-3-SHARPEN (855-374-2773) to schedule an in-depth financial review with an NFCC Member Agency.
The NFCC December poll question and results are below:
At this time next year, I predict that my financial situation will be
A. Better = 56%
B. Worse = 17%
C. About the same = 18%
D. No idea, as the economy is too unstable for me to make a guess = 9%
Note: The NFCC’s December Financial Literacy Opinion Index was conducted via the homepage of the NFCC website (http://www.DebtAdvice.org) from December 1–30, 2013, and was answered by 1,134 individuals.
The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit credit counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services. NFCC Members annually help millions of consumers through more than 600 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit http://www.nfcc.org. Visit us on Facebook: http://www.facebook.com/NFCCDebtAdvice, on Twitter: twitter.com/NFCCDebtAdvice, on YouTube: http://www.YouTube.com/NFCC09 and our blog: http://financialeducation.nfcc.org/