Top Ten Financial Resolutions in 2014

Top Ten Financial Resolutions in 2014
Eileen St. Pierre, The Everyday Financial Planner

As we all get ready to ring in the New Year, I wanted to offer my top ten financial resolutions in 2014:

10. No more storage units! Your grandkids do not want to see your locker featured on an episode of “Storage Wars” due to non-payment.
9. Cancel those department store credit cards. The negative effect they have on your credit score far outweighs the initial 10% you saved on a pair of heels that hurt your feet.
8. Set aside one hour on the weekend to prepare your weekly grocery list and search online for coupons.
7. Combine errand trips – Resolve to stop one less time per month at the gas station to fill up. Put your savings in your emergency fund.
6. Repeat after me: I do not need to stop at Sonic for Happy Hour.
5. Pay a visit to the lonely people in your Benefits department about increasing your 401(k), 403(b), or 457 contributions. They’ll appreciate the human contact.
4. Keep the car one more year. Just because the warranty period just ended does not mean it’s going to completely fall apart all at once.
3. Save your money – You do not need to buy a bigger television to watch the Super Bowl. You’ll just end up watching the commercials and game highlights over and over on that tiny screen on your cell phone.
2. Hold a garage sale. Take it from me – You will meet at least a dozen people you will remember for the rest of your life.
1. You worked the entire year to accumulate your tax refund. Don’t blow it in 15 minutes. Create your own Top Ten list for ideas on how to best use this money.

Best wishes for a happy, healthy, and prosperous New Year from The Everyday Financial Planner!