5 Financial New Year’s Resolutions

By on December 20, 2017

It’s that time of year again. A brand new year and time when we talk about our resolutions to better ourselves at work, home, and in many other ways. This year, why not add a financial goal to your resolution list? Even if you’re not the type to make an “official” New Year’s resolution, here are some simple steps you can take to prioritize your finances in the new year.

1. Set a budget—and stick to it

Checklist with New Year's confetti in background

If you’ve ever been derailed by an impulse purchase or an unexpected expense, you’re not alone. Last year my water heater quit right as the chill set in. It certainly was not a happy added expense! Budgeting, and including some room for sudden expenses, is one way to be more prepared the next time something unexpected comes up. This year, try using some of our tools to help make budgeting work for you. Our is a great way to start looking at where your money is going and see any trends in your spending. As you list out your spending over a few weeks, you may find areas you can cut back or reduce—things such as going out to eat or a subscription you rarely use. Then, you can try filling out a . This weekly tool helps you assess your income and expenses to make sure you have enough to cover your bills and put aside money for savings goals or other things you want and need.

2. Get ready for a new home—with confidence

House keys with New Year's confetti in background

Thinking it might be time to move? If you’re not sure if you’re ready to buy a home quite yet, our guide to shares some helpful insights. 

If this is the year you think you’re ready to buy your first home, then congratulations—you’re in for an exciting time filled with many decisions. Before you make any decisions, learn about the  and how to decide how much to spend on a . Once ready, we have , taking you through shopping for a mortgage and closing on your home. 

READ  FTC Sending Refund Checks Totaling More Than $437,000 to Consumers Who Bought Bogus Weight-loss Products

3. Shop for any loans you plan to take out

Inspecting loan form with New Year's confetti in background

Looking to finance something like a new home, education, or a new car? While you might carefully search for the right home or school to attend, it’s just as important to for you. Fully understanding the total cost of your loan and how long it will take you to pay it down will help you stay in control of your financial situation—and may save you money in the long run. 

For example, saving even a fraction of a percentage point on your mortgage interest rate can lead to thousands of dollars in savings over the life of the mortgage. 

4. Deal with debt

Wallet with New Year's confetti in background

Dealing with debt is a reality for many adults at some point in their lives—whether paying off student loans, a mortgage, or other bills. The new year is a time where you can decide to get a handle on your debt and make some positive progress. If you’ve fallen behind on some payments, there are . If you have a debt in collection and , we also have resources to help you decide . While it may be tempting to avoid the issue, you can save yourself stress and more problems in the long run by taking control. 

This article by was distributed by the .


Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s and and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

About Research Department

Here is where you will find important stories located from around the web which can impact you and your financial life.
%d bloggers like this: