Sunday, January 17, 2010

A Clean Slate for the New Year

With the start of a new year comes the chance to leave behind any bad money habits from 2009 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. If your finances aren’t as healthy as you would like them to be, here are some simple tips to get you started on the right track:

• If you can't afford it, don't buy it. Live within your means.

• Create a monthly budget and stick to it.

• Evaluate your finances, and cut back on unnecessary expenditures.

• Keep up to date with your monthly payments. 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 smart money saving behaviors and you may find yourself in a better financial position for 2010. For more information, read eight steps for rebuilding your finances.

Visit www.FeedthePig.org for more money-saving tips!

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