NATIONWIDE -- Forbes reports that more than 40 percent of Americans set a New Year's resolution.

A lot of the time resolutions focus on physical fitness, but what about resolutions for your wallet?

Lechelle Yates, the Director of Communications and Investigations for the Better Business Bureau serving Central North Carolina, said there are a number of financial resolutions for 2018. Below are her top four.

Sign-up for credit monitoring

  • "One reason that people should sign up for credit monitoring is that actually one-in-four people have an error on their credit report, so you want to be able to see that. The other thing that credit monitoring is going to do for you is it's going to show you if there's a new account opened in your name, and of course if you didn't open it you're going to want to know about it. There's lots of options out there if you want the free credit monitoring but you're going to want to make sure you look at the terms and conditions to see what you're getting."
  • Some of the top credit monitoring companies include Identity Guard, Experian and Life Lock

Focus on physical health

  • "Money is actually the biggest source of stress in our life. Second, people who exercise, they tend to have better credit scores, and third, the average American spends about $4,600 a year on healthcare costs. So if your healthcare costs start to go up, just imagine how all of that can start to snowball and pretty soon you will be taking money out of other pots."

Use different cards

  • Yates recommends using one for every day purchases and a different one for debt. "For the everyday purchases card be sure to pay that off every month. What's great about this card is you're not going to carry a balance so it doesn't matter what the interest rate is and if you can't pay it off every month that will be a light bulb, 'Oh I am spending too much.'"

Pay bills as soon as you get your pay check and have money in the bank

  • "Late payments are actually one of the things that can hit your credit score the hardest, so why not go ahead and pay all of your bills right when you have the money in the bank."
  • WalletHub -- the personal finance website -- recommends setting up two automatic monthly payments from a deposit account: one for right after payday and another for a couple days before your monthly due date; this will help you avoid any interest between the first payment and the end of the billing period

For more financial resolutions, click here for WalletHub's top 10 for 2018.