13 Easy Money Resolutions For The New Year (Or Any Time!)

January 4, 2013

13 of the easiest money resolution for the new year you should try and implement anytime, but start now to get right with your money!

1.  Go through your subscriptions. Look at all of them — television, magazine, website, health clubs and otherwise. If you’re not using a subscription or no longer enjoy it, stop kidding yourself and cancel.

2.  Reassess holiday gifts. Take the ones you no longer use and sell them online, or have a garage sale.

3.  Plan ahead for frugal fun.   Consider local hotspots you’ve never visited or attractions you’ve overlooked that are within driving distance.

4.  Make saving a part of your weekly routine. Add an automatic deposit of $5 to $10 each week to build toward something special such as an emergency fund, anniversary gift or dream vacation.

5.  Put your spare change to good use.  Empty your pockets, drawers and jars to cash in your coins for something fun.

6.  Check in with your credit report or financial accounts. Fail to do this, and you could overlook fraudulent charges or accounts you no longer need.

7.  Face your financial fears. Maybe you still haven’t set up a will or trust, your financial statements are in a state of disarray, or you can’t keep track of your credit cards. Get organized and tackle these projects.

8.  Help your dollar go further by sharing it. Whether donating money or time, remember to give.

9.  Challenge a bad financial habit. We all have a few bad habits that nag at us- overspending when we shop online, ordering takeout too often, procrastinating on setting up that Roth IRA.  If your habits seem to rule over your money, now is the time to change!

10.  Tackle your taxes early.  Get your tax documents and receipts together early, don’t wait until April when stress is high.

11.   Commit yourself to learn.  Put aside time to read at least one book (click here to see some of my faves) on personal finance, subscribing to a podcast, or brushing up on your financial know-how by recruiting a knowledgable friend to mentor you.

12.  Learn to D.I.Y. for one expense you can’t live without.  Invest in an at-home salon or brew your own coffee.  Saving money in the new year isn’t about deprivation but creatively getting what you want.

13.  Pick one big financial goal to powerhouse the new year. Personal finance shouldn’t be a chore- so what gets you most excited about your money in a fresh new year?  Would you feel free without credit card debt or does saving for a house make you giddy? Whatever you choose, make sure that you have the excitement behind it to make the goal a reality.

 

 What gets you excited about the new year?

Any big financial goals?

 

6 comments so far.

6 responses to “13 Easy Money Resolutions For The New Year (Or Any Time!)”

  1. Wonderful tips! I started automatically transferring money from every paycheck into my savings account a few years ago and I’m so glad I’m in the habit now. It’s usually a small amount, but it adds up and it’s comforting to know I have a tiny bit reserved in case SHTF!

    • Shannyn says:

      I know that if I don’t do it automatically, I won’t do it! Saving on autopilot has helped me in months I didn’t adhere to my budget or really wanted to impulse shop but didn’t “see” the money in my checking account so I curbed my spending- luckily that money was safe and sound in savings elsewhere!

  2. Julie says:

    Yes, very nice tips. I’m saving to take a semester of exchange, actually I’m studying economics. Though it isn’t really anything Luke personal finances!! Wish me luck.

    Julie fro Denmark (Europe)

  3. Janine says:

    These are great tips!

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