Monday, February 6, 2017
A New Year Can Mean New Finances For You
Every January 1 the world is full of bright eyed and busy tailed people ready to make good on their resolutions. If you are an avid gym goer, chances are the parking lot where you work out is fuller than usual and you might even have to wait for a turn on your favorite machine. This phenomenon will probably be short lived, as most resolutions are broken before the end of January. Depending on what you have resolved to change, failing to stick by your resolution is not big deal. But if you are serious about realizing real change in a certain area, now is the time to plan.
Next to healthy living resolutions, money matters are at the top of the list of the most popular resolutions. If you plan to get your finances in order in 2017, here are some things you can do so a New Year also means new finances:
• Make a budget, and a plant to stick to the budget. Starting is the hardest part, so take it one step at a time and start by making a list of all of your monthly expenses. Then, take a look at your paystub and figure out what you bring home each month to put towards your expenses. Knowing what is due will help you determine how much you have left over for extras or to start a savings account.
• Try to pay more on your highest interest rate credit card until it is paid off, then devote that card’s regular payment to the next highest rate card. Doing this will help you to pay down debt faster.
• Shop around for the best rates when it comes to things like life and auto insurance. Or, try bundling some of your services, to get the lowest monthly fee for things like your cell phone and cable service.
There are at least a dozen more things you can do to get financially healthy, so find what works for you and put a plan in action. You might also think about filing bankruptcy, which will give you a fresh start with your money and let you start with a clean slate.
For more information about bankruptcy, call us today or reach us online at www.law-ri.com.