“Money is not the only answer, but it makes a difference.” – Barack Obama
It’s a new year and a new decade. That means setting new goals and creating new habits. Taking control of your finances should be a top priority in your New Year’s resolution.
Here are a seven moves you can make to help start the year right.
- Create a budget. Creating a budget will help you manage your funds and avoid overspending.
- Monitor your accounts daily. Monitoring your accounts will keep you up to date with your account balances.
- Payoff annoying debts. The thought of paying on your debt is not ideal. However, once you eliminate at least one debt account, you can breathe easier and free up extra cash.
- Check your credit score. Understanding your credit score will inform you if you can make a big purchase or secure a loan with the best interest rates and lowest down payment amount possible.
- Start saving for retirement. It’s never too early to start saving for retirement. People have longer life expectancy, so you have to be sure you don’t outlive your money.
- Find new ways to invest in yourself. Learn a new skill, take new courses, start a business, get a second job, or read a new book. Take time to learn something new that will increase your earning potential.
- Start saving for your summer vacation. It’s never too early to start planning for your summer vacation. Start saving for fun activities now.
These seven money moves will help you take advantage of 2020. Comment below what moves you plan to make for the new year.
Action
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