First, for those who feel strongly that reading through the Bible in one year is a must for them, I am not trying to dissuade or discourage you.
This is for the rest of us, who've tried multiple times and (usually by mid-Feb to March) get so behind that we get discouraged and throw in the towel.
One year I finally asked myself this question: Why am I doing this? I realized my goal of wanting to read through the Bible completely was good and right and a goal I should pursue. The part that was wrong was the time limit. Why one year? Why not two, or even three?
And so, I began my quest to read through the Bible - no matter how long it took. And I did it. It took a little over two years. I learned several things from that experience: I no longer dreaded each day's reading - instead I looked forward to it; I had time to actually relax, ponder, take notes instead of rushing through to meet that day's goal; I learned more, took in more, Scripture than I did when scrambling to finish the day's reading; I no longer had guilt - there was no more pressure to meet some random time goal.
Read through the Bible! I wholeheartedly and highly recommend it. I'm going through the Bible again myself. But, please, relax and enjoy the beautiful feast of the Word. Take it in, absorb it, meditate on it. That's when it really will be a meaningful exercise.