Financial Resolutions To Make

Identify Personal Finance Goals

Create a plan to execute your financial goals. Your goals should be clear and concise and specific.

Use Technology To Better Manage Finances

A financial app can tell you if your balance is low or you’re spending too much on lattes. Technology can also make it easier for to invest and grow your money. Consider making monthly contributions so you can watch your savings grow!

Reduce Your Debt

Reducing debt is key to financial wellness. When you have fewer financial obligations to others, you can better handle unexpected expenses. Consider consolidating to one credit card instead of multiple cards for different stores and accounts.

 Pay Yourself First

This simply means saving money in a high yield savings account prior to paying any bills. This helps build a savings safety net, which is essential to financial stability.

Stop Paying Unnecessary Fees

Whether it is overdraft, minimum balance, ATM or annual fees, you should try to reduce paying unnecessary fees. Paying small fees here and there can literally amount to a lot of money over time.

Protect Your Assets

Instead of leaving your financial security to chance, make sure you are properly protecting your finances. Do this by finding the right insurance for your needs. Whether it’s car insurance, rental insurance, life insurance, or travel insurance, you need to make sure that your assets are protected in the event of an emergency.

Pay It Forward

A great way to show gratitude for your blessing is to be a blessing to others. This year, make a conscious effort to give back to those who are less fortunate. It can be by donating your time to feed the homeless or donating to a good cause. There is magic in being of service, and you’ll be surprised how much good will come back to you.

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