Top Ten Financial Resolutions in 2015
Eileen St. Pierre, The Everyday Financial Planner
Have you broken any of your New Year’s resolutions yet? If so, I’m giving you a second chance to start your New Year off on the right foot.
Here is a countdown of my top ten financial resolutions in 2015:
10. Stop buying on impulse! If you really want something, wait a week. If you still feel you need it, then it’s ok to buy it.
9. Do you have any idea how much money you spend over the course of a month? Use that extra calendar you got for Christmas for budgeting. Seeing what you spend day-by-day can be a real eye-opener!
8. Try to save enough money using coupons to cover the sales tax on groceries.
7. Make this the year you start an emergency savings fund.
6. Make this the year you finally open an Individual Retirement Account (IRA).
5. Repeat after me: I do not need to order pizza every week.
4. Just because gas prices have been falling, does not mean you should trade in your 3-year old car that gets great gas mileage for a brand-new SUV. You’ll pay thousands in interest on the new car loan. Wait until you need a new car – save the extra money from keeping the older car. Gas prices will eventually go back up.
3. Take a look at your free credit report at www.annualcreditreport.com.
2. Earn a little extra money by selling on ebay. Take it from me – you’ll find yourself scouring the house for more stuff to sell.
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!