Some of us are savers and some of us are spenders. Regardless of your money habits, it still takes a certain amount of willpower to improving your finances.
"You have to stick with a budget in order to make it work. Budget is kind of a taboo word; we all know we need to do it, but no one wants to take that initiative," Edward Jones Financial Advisor Chance Stoeser said.
According to Norcross' research, improving finances is considered one of the top 10 resolutions. But for some people, working on their budget can be daunting.
"There can be frustrations that you're seeing within your budget and within your monthly expenses and the income you are taking in and the bills that are going out and you don't seem to be getting anywhere," Stoeser said.
Stoeser says it's easy to get overwhelmed if you try and save too much at once. It's best to take it one step at a time.
"Don't expect things to be smooth right away. A budget is a guideline, it's, 'Hey, this is what we think we can do,' and at the end of the month, a budget is a working document that will continue to change," Stoeser said.
Along with having a plan, staying organized and dividing your money into separate spending and saving groups can be helpful.
"One thing that we have found successful for people in terms of saving up for goals like buying a car or paying off certain amount of debt is to compartmentalize your money. Have your money that's for monthly bills, have a certain amount of money for rainy day expenses, maybe five or six months cash and then we have our money for our longer goals," Stoeser said.
It's also recommended that you set aside a certain amount of money to spend in a two weeks. You can start with $500 and adjust accordingly. And if you have a smart phone there are also plenty of apps you can download from the app store that can help you get started and stay organized.