Today's author: Lindsey
Christmas is over and now we all turn our eyes towards the New
Year and our resolutions for 2013. I always make New Year resolutions only to
break them a few weeks later and I am sure many of you have had that problem as
well. Let’s try to make this year different though! Here are five New Year’s
resolutions to help you get financially fit!
Don’t spend unexpected money all in one place. If you have a
bonus or birthday gift come into your bank account, it can be easy to spend it
all in one place. Instead, try breaking it up into multiple different items.
Put some on past debt, some on an item you want or need now and as always, some
in savings!
Start an emergency fund. You should have one in addition to
your savings! When you have an emergency fund it will be easier to cover unexpected
car repairs or any other curve ball life throws at you. When you use money in
your emergency fund your savings money can still be there for those big things
you wanted, like a house or awesome vacation!
Ditch your purchasing method. If you are like me, cash in your
pocket burns a hole and therefore, I don’t carry it! If I have $20 at the
beginning of the week you can be sure I will not have very much of it left and
little to show for it by the end. Some people don’t spend cash as quickly as
they will take out their debit card. Whatever your method, try not taking it
with you and by doing that, stopping those impulse purchases.
Start thinking of your savings account as a bill you need to
pay every month. Write it down along with all your bills and pay it just like
you would your electric or rent.
Make and actually stick to a budget. Sit down this New Year
and look over your finances. Create a budget that is realistic and is easy for
you to follow and then do it!
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