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Money Resolutions to Help You in 2020

Money Resolutions to Help You in 2020

New year, new financial goals. If you’re starting off the new decade with a list of resolutions, consider adding some financial to-dos to your list! Follow these steps to achieve your financial goals in the new year.  


Make a Budget 

Now is the time to start thinking of making a budget and getting your finances in order.  If you have had trouble in the past sticking to a budget, try something different this year.  Use an app like Mint or create a spreadsheet that will allow you to track your spending and get a good picture of your finances.  Don’t forget that a budget can be flexible as well. If you overspend in one area, you can balance it by cutting back in another area.


Pay Off Credit

Having credit card debt will not only hurt your credit but cause unneeded stress and anxiety over your financials.  This year, make it a goal to start paying off your credit card debts. After you pay all of your bills should set aside a portion of your paycheck to go towards credit card debts.  


Start an Emergency Fund 

The start of the new year is a good time to set a goal to build your emergency fund. This account can be stocked with money for unexpected events, you will reduce the chances that you will go into debt trying to cover inevitable surprise costs, like a flat tire or medical bill.  Consider setting up automatic transfers to a savings account, either from your paycheck or from your checking account.  

Reduce Student Loans

Tired of student loans holding you back from other goals? Take the time next year to make a big dent on them — or even pay them off completely.  If your interest rates are high, consider consolidating your loans to get a lower interest rate and more manageable monthly payments.


If financial resolutions are on your list this year, make sure to follow these easy steps! Thre are many ways to track financial success, but making a budget and tracking your spending is a great way to start!