With the start of a new year comes the chance to leave behind any bad money habits from 2008 and start fresh with your financial goals. One of the most important things you can do to jumpstart the New Year is to take time to assess your finances. Here are some simple tips to set you on track for a financially successful year:
If you can't afford it, don't buy it.
Create a monthly budget and stick to it.
Live within your means: evaluate your finances, and cut back on unnecessary expenditures. This can dramatically reduce your incurred debt.
Keep up to date with your monthly payments, such as those for a student loan and mortgage. Missing a single month could cost you thousands of dollars in interest down the road.
Reassess your life and car insurance policies. You could potentially save money by switching to a different company.
Commit to these and other positive financial behaviors. In one year from now, you'll look back and commend yourself for setting those goals for a successful financial future. For more information, read eight steps for rebuilding your finances.
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