As 2025 dawns, millions of Americans are dreading the familiar ritual of making New Year’s resolutions. For nearly 80% of them, the focus is on health and fitness, according to a 2024 Pew Research Center poll. But close behind those empty promises to finally start hitting the gym, over 60% of respondents say they would like to prioritize their financial well-being.
Experts believe that financial and physical wellness go hand-in-hand. “How we handle our finances is very much tied to how we experience life,” says John Pharr, CPA, a tax and financial advisor based in Pensacola, Fla. “Our spending, saving, and money management habits reflect our psychological health. By getting a handle on them, we can dramatically reduce our worry and anxiety and regain a sense of control.”
