New Year’s resolutions are a great way to set goals and make positive changes in your life. If you’re looking to improve your finances and save money in the new year, here are some tips to help you get started:
Create a budget
This is the foundation of any good financial plan. By creating a budget, you’ll be able to see where your money is going each month and make adjustments as needed. There are many useful tools online to help you make a budget, but all you really need is a way to track your expenses and income.
Cut unnecessary expenses
Take a close look at your expenses and see if there are any areas where you can cut back. Ask yourself:
- How often do I use this? Can I go without it for a month? Try going without the item for a month and see if you can live without it.
- Am I paying for something I don’t use? Check if you are paying for something that you don’t use anymore, like a gym membership or a streaming service you haven’t watched in a while.
Pay off debt
This is a pretty obvious way to increase your financial health, but it’s an important one, too! High-interest debt, such as credit card debt, can be a major obstacle to achieving financial stability. Make a plan to pay off your debt as quickly as possible.
Put your money to work
Whether you open a retirement account or a simple savings account, investing your money is a great way to build wealth over time. Look for high-interest savings accounts to make the most of your money while it’s sitting in your bank account.
Avoid impulse purchases
It can be easy to get caught up in the excitement of a sale or a new product, but it’s important to resist the urge to make impulse purchases. Instead, take a step back and think about whether you really need the item.
Use cash back apps
There are a variety of cash back apps that allow you to earn cash back when you make purchases at certain retailers. Use these apps to save money on your regular purchases. Some examples include Rakuten, Honey, Ibotta, and Dosh. They all have different features, so check them out to see which one will work best for you.
Shop around for better deals
Whether you’re buying insurance, signing up for a new phone plan, or shopping for groceries, make sure to shop around for the best deals. You may even be able to get a discount by simply calling your current phone provider or insurance company and asking what discounts they have available.
Don’t let setbacks get you down
Sticking to your financial goals can be challenging, but it’s important to stay positive and motivated. Remember why you’re making these changes and don’t give up if you encounter setbacks. Just because you had one bad day doesn’t mean you can’t make different financial choices tomorrow.
By following these tips, you can set yourself up for financial success in the new year. Remember to be patient and persistent, and don’t be afraid to seek help if you need it. Happy New Year!
Celebrate 🍾 with family.
Go see sister 😘 & see how she’s doing w/ chemo.
May need to put flowers on a grave as my ex father in law whose is my daughters grandfather is on life support due to bleeding through rectal and from ab, and he’s also got pancreas cancer.
Hi, thanks for tips! Stay safe and healthy!
Greetings PCH, I am Luis S$$$$$$ from Puerto Rico🇵🇷, what I want most in this world is to pay off my mortgage and be calm. God bless you and I will always be grateful. Thanks, I love PCH.
Hi PCH, I am VIP PCH FAN. Please bring back PCH BLOG giving us the clues to the the winners state, as I really love those clues. I am in it to win it and I’d like to thank you. Good luck to all entering!
I agree. Hi Rose!! Will you be My girlfriend? I’m 37 and no kids and I have my own house and car n live alone. 317-$$$-$$$$. Call Me Tony
I had gotten this letter in the mail, what is it about – notice of cash prizes winner selection advisory with code?
Hi Justin! Thank you for contacting PCH. In order for us to assist you with your question we will need a bit more information. We kindly ask that you contact us at your convenience. Our customer service representatives may be reached at http://bit.ly/ContactPCH. We look forward to hearing from you.
I’m claiming ownership of $5000 for life. Gwy. 19500.
My kids will be so happy if I win bc we need a vacation together!
Winning would be awesome!