The holidays are in full swing and everybody’s getting ready for family, food and gift giving under the tree. But that’s not all folks are gearing up for right about now! Since the year’s almost over, people are eagerly planning out their resolutions to make the New Year a better one. Usually, when New Year resolutions come to mind, we tend to think about things like:
Sure, all of the above are great goals to pursue, but what about your financial goals? If you never want to have to rely on an auto title loan for relief again, setting some financial goals could certainly help. Make 2019 the best year ever for you and your wallet by following through with some (or all) of these financial resolutions!
Everybody wants to save more, but they don’t exactly know how to go about it. Saving sounds easy, but when money’s tight, it can get pretty hard keeping your hands out of your savings account. That said, try some of these effective saving strategies:
To prevent the need to dip into your savings, avoid financially straining situations. Don’t spend money on something if you don’t need it, and always have some kind of budget in place so you know how much you should be spending from week to week. This will help you stay on track with your money, allowing your savings the time it needs to grow.
Everyone’s afraid to look at their score, but there’s really nothing to be afraid of at all. Checking your score doesn’t lower it anymore and apps like Credit Karma and Credit Sesame let you check your score anytime, anywhere, for free. So, what are you afraid of? By checking your score regularly, you’ll be able to keep yourself in the know so you can take the steps you need to keep it in the green. Let’s face it, you’re not going to do anything to improve your score if you’re not aware that it needs improving in the first place.
Credit card debt: it’s the Achilles’ heel for many, and probably the main contributing factor to consumer financial problems in America today. If you’re carrying credit card debt with you into 2019, one of your resolutions should definitely be to work your wait out of the hole. Here are a few approaches that may help you get started:
We live in the age of digital currency but, when it comes to proper money management, cash is still king. By going on a cash spending “diet”, you’ll not only find it’s easier to track what you’re spending, you’ll also spend less in the process.
Speaking of spending less, this should be your main focus as far as financial resolutions go. By getting into the habit of spending less money, you’ll find it much easier to save money or clear your credit card debt. The ultimate goal is to spend less so you’ll have more, but spending less money isn’t an event, it’s a lifestyle. You need to change the way you think about money so your spending habits can change, too. Once you’ve developed a habit of spending less, everything else in your financial world will fall into place. You may not get rich any time soon, but you’ll have something even better that most people nowadays only wish they could possess: peace of mind!