Top 3 financial resolutions for 2017
We have a couple tricks up our sleeves and we want to share them with you. Starting off the new year after the holidays can be a financial nightmare, especially if you overspent on the presents. Don’t sweat it – we’ve all been there.
Our tips for the new year look a little something like this:
Spend less than you earn – Spending less than what you earn is crucial when setting financial goals. You can start this process by going through every single one of your monthly bills and seeing just how much you’re spending and compare it directly to your paycheck. It’s important to think about whether or not you absolutely need that service. If you don’t need it? Cancel it. It’s that simple. Spending less comes with making some sacrifices, but you’ll thank yourself when you can spend all that new found money on something way cooler… like, a piece of Justin Timberlake’s half-eaten French toast. We hear it’s only $1,025. Only joking.
Identify your spending triggers – We all have that little voice in our head that quickly says DO IT. But what causes this? Spending triggers are those moments that make you pull out your cash or credit card and break the rules. So it’s probably best to avoid browsing your favorite stores for a while. And just because you have a coupon doesn’t mean you have to go to the store and spend it. You and I both know that never turns out just as cheap as we imagined it to be. Although retail therapy often hits the spot, it’s not going to help you save to meet your money goals. If you want to cut your spending, take some time to evaluate these triggers and come up with a plan to conquer them.
Make a vision board and map out your kickass 2017 goals – Making a vision board takes some time and consideration. Set realistic goals for yourself, but don’t make them easy. The board is created as a reminder to grow personally and financially in the new year so try to stick with it. You can find examples on our Financial Fitness board on Pinterest. Now, lay out your goals and start kicking major financial butt this year!
If one of your goals happens to be debt consolidation, then you’ve come to the right blog. LendingPoint has debt consolidation loans that can help you get out of that messy financial hole. Want to see for yourself? Just apply here and see what you qualify for.
Also, we included this awesome bank statement to add to your vision board for inspiration!