Categorized | Editorial

New Year’s Resolutions: 4 Tips To Help You Hit The “Reset Button” For 2016

Posted on 31 December 2015 by admin

The top resolutions usually center on health and fitness. These are obviously more important than money issues. If you are not alive or healthy enough to enjoy your money, none of this matters.

The next most important resolutions do focus on money. The obvious reason is that we have to deal with money issues every day of our lives. Even if you don’t buy something for a day, your mortgage or rent is still adding up, your utility bills are still mounting, and hopefully, your investment portfolio is still increasing. Money issues happen to you, whether you like it or not. Wouldn’t you like to proactively do something about them? None of us wants to be a victim to our money. So here’s what you can do”

Resolution #1: Create A Budget

Pick a budgeting tool that you like and enter real numbers. Take a look at or There is a foolproof way to make this successful…DO IT. Look at it each month. Discuss it. See what worked and what didn’t.

 Resolution #2: Pay Off Debt

That means you need a number in your budget. Refer to Resolution #1. The number is a challenge to be met each month. Resolution #3, which is to Spend Less, because the debt is going to really bog you down for a long time. Debt is like carrying around that extra 30 lbs.

Resolution #3: Spend Less Money

Make this a challenge; here are some ways:

  • Always look for coupons. There are tons online and they still come in the mail. Groupon is the most popular online site, with an estimated 30 million visitors per month.
  • Stay away from credit cards.
  • Use a debit card.
  • Move in with friends or family.
  • Manage your bonus. If you get a bonus, use one third (after tax) to pay down debt, one third to put into savings and one third to spend on yourselves.

Resolution #4: Invest Your Savings

Many people advise that you should start investing after you have paid off your debt. That’s bad advice. You should be building the airplane while you are flying it. You need both emergency money and long-term investing.

Leave a Reply

Advertise Here
Advertise Here