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This Week in Money Management: 6 Money Bloggers Share Their 2012 Resolutions

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(Photo by Anthony Crider, via Flickr.com)

We are well into 2012, but resolutions are still fresh on everyone’s mind.  Whether you’ve made, revised, or given up on yours already, we thought it would be fun to talk to some of our favorite folks in the blogosphere to see how they are doing. Their updates may surprise you!

Jesse Michelsen, Money Crashers
Twitter: @moneycrashers

“I did make a resolution this year, to learn Spanish fluently enough to communicate. I’m working on it, but haven’t accomplished it just yet… As you can see, I only made one resolution. Some might say it’s a big one, but that’s not important. I recommend people only make one or two resolutions at most each year. Your brain can’t handle a major shift in every aspect of your life, and that’s why people fail their resolutions. Make one resolution and focus your energy on that, and you’re sure to accomplish your goal!

David Ning, Money Ning
Twitter: @moneyning

“My financial resolution this year is all about simplifying my finances. I want to eliminate as many financial accounts as possible, whether it’s checking, investments or retirement accounts. I also want to automate all my bills so it’s easier to manage. Though this will mean having a bit more of a cushion in certain accounts, the minimized stress will outweigh the loss of interest.”

Myscha Theriault, Trek Hound
Twitter: @myschatheriault

In addition to the resolution to eat more greens, beans, and legumes, Myscha resolves to:

“Pay ourselves first when it comes to business projects. Granted, this takes guts. Especially when doing it means turning down a paying freelance article in order to spend the day creating backlinks on our various sites and platforms to promote a piece of our own pillar content we’ve worked on. But we’ve committed to making passive income sources our main priority, and this is a large part of the growth we’ve been experiencing.”

Ray Jamali, Financial Highway
Twitter: @moneyhighway

“I try not to make too many resolutions, just to avoid the disappointment that comes with breaking them.  One that I did make was to increase our emergency fund to cover 6 months of expenses rather than the 3 months we have had for a while; I have not broken it yet! I recommend keeping resolutions to a minimum and realistic; in other words: under-promise and over-deliver rather than over-promise and under-deliver.”

Ben Edwards, Money Smart Life
Twitter: @moneysmart

“One of the problems I pointed out in Why Resolutions Die last week, is that we often make too many commitments and can only give each of them partial attention.  As a result, they all suffer, so I only made 2 resolutions this year.

I kicked off my first resolution a month early, getting a head start by cutting sweets entirely out of my diet beginning December 1st, 2011. So far I’ve lost 10 pounds! My second resolution was to launch a system to help busy parents and professionals take care of important financial matters that they’ve been putting off and worrying about. I’ve been wanting to create a system like that for a few years but have been procrastinating and am determined to do it in 2012. So far I have 15 people as part of the beta and will be launching the first financial action course on paying off credit card debt in the next week or two. My overall recommendation is to only make one or two resolutions and focus intensely on them, its working for me so far!”

Gary Foreman, Dollar Stretcher
Twitter: @dollarstretch

“I’m not big on New Year’s resolutions. I’d rather make changes as soon as I see that they’re necessary. What I do suggest is that readers take advantage of year-end statements to do a year-end review of their finances. Has their net worth gone up or down during the year? Are their retirement and savings accounts meeting their goals? Are they repaying debt? Or have their debts grown during the past year? By answering these questions they can get a good idea of any mid-course corrections that they need to make. The fact that they didn’t start them until late January doesn’t matter. What counts is that they make the needed changes.”

What do you think? Are there any on this list that you can use? How are you coming along with your own resolutions?

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