(WTNH)- Many people have resolutions in the New Year, but the question is how do we stick to them?

Local financial expert and President and CEO of Essex Financial, Chuck Cumello came to Good Morning Connecticut to talk about your finance resolutions and how to save your money this year.

Cumello says the first thing you have to do is have a plan and make sure you stick to it. The second piece of advice, is to pay yourself first. This means to make sure you are continuing to make your savings contribution every time you get your paycheck. Third, be consistent with your investments and savings. Fourth, embrace diversification and be involved. And last, don’t let emotions upend solid financial plans and stay the course.

Cumello says if you follow these five steps, you will be able to save money in the New Year.