We’ve finally reached a break in the holidays where we have a chance to sit down and think about the year ahead. We reflect on what has happened in 2014, and we look forward to the times ahead in 2015.
Whether your goals involve weight loss, saving more, or even simply enjoying your everyday life on a regular basis … your goals are important, and we want to help you achieve them.
We all know the familiar phrase, “People don’t plan to fail … they fail to plan.” This is true of almost all resolutions. People begin by having lofty goals, and they rarely make a concrete path to achieve them.
Here are 5 financial resolutions to make this year.
In the next post, I will detail exactly how to achieve these 5 resolutions … because hey … they’re worth it!
1. Improve Your Spending in 1-3 Budget Categories
The three I’ve chosen to tackle this year are:
1.) Eating Out
Whether it’s a small category, or a big one, it will make a difference by year end … and it’s a great plan to start now!
2. Establish a YEARLY Savings Plan
I’ve started to pin some of these ideas on our Pinterest site but here is one simple example of how you can create your own yearly savings plan … and end up with close to $4,000 at the end of it!
3. Budget Now for One-Time Expenses
A lot of times “unforeseen” expenses are really things that you can budget for … or at least create an emergency account for. There’s no excuse to be “surprised” by your auto-insurance premium or property taxes.
4. Decide on What’s Important and What’s Not
Do you have a lot of “stuff” in your life? I know I do! At this time of year I always reflect on what I need, and what I don’t. Usually I am paying for subscriptions or memberships that really mean nothing to me. Simplifying is the answer!
5. Out with the Old, In with the New
One of the best things you can do this year is clear out your junk and have a garage sale or start selling old items on ebay. Not only is this a great way to de-clutter your life … you can also make a little extra cash on the side too!
Look out for my next post on some real, tangible ways to accomplish these goals.
Happy New Year to you
– Erika from Faithful with Finances
Meet the founders of Faithful with Finances: Tony Amaradio and his wife Carin.