We all know someone who has a laundry list of New Year’s resolutions wasting away unfulfilled at the bottom of some cabinet or under a long-cooled coffee mug; some years, that person might even be yourself. But the annual goal of self-renewal and improvement doesn’t have to be a bunch of empty words. You can start making your money work for you today with the right plan, and by following some simple financial New Year’s resolutions with help from Money Ladder.
Resolution 1: Trim Your Budget
This might seem like self-evident advice, but if you’ve ever tried to cut back on spending you know how difficult it can be if you aren’t committed. There are probably a large number of areas in your life where you could be saving money, from food to streaming subscriptions, but without the ability to prioritize you can end up spending more than you have to on things that don’t add much to your life.
This will be one of the easier financial New Year’s resolutions to stick to if you divide each of your spending areas into a list based on their importance to you. To use food as an example, you can divide your meal budget into three basic columns: food you need to keep you going throughout the day, food you enjoy but which isn’t always necessary to factor into your budget, and food you only buy out of habit that you can cut out entirely. You might be surprised at how helpful a simple tier list like this can be for keeping you on track!
Resolution 2: Seek Investments
Financial New Year’s resolutions work best if they’re focused on both short and long term saving and spending. To that end, doing some research into what kinds of investments will work for your situation is a great way to safeguard your monetary future. You might be surprised at all the ways there are to invest and save which are available to people of all income levels.
For example, there are a lot of mutual funds that require little money to get started and make for relatively risk-free ways to save and grow your wealth. And sticking to these financial New Year’s resolutions can be made easier with the help of an automatic savings account at your bank. Talk to a representative at your local bank to find out what your options are for amounts you can have automatically taken from your check and put directly into a savings account. Saving doesn’t have to be painful or difficult to figure out with the right resources at your disposal.
Resolution 3: Resolve Debt
We live in an era defined by credit and loans, and many people have trouble making sense of it all. For this reason, one of the top priorities on your list of financial New Year’s resolutions should be to put your debt out to pasture and move forward with as clean of a credit score as you can manage. While that might sound easier said than done, you can break this goal into small chunks that will make it a lot more manageable.
In the first place, following goals 1 and 2 on this list will automatically lend themselves to resolving some of your debt. Spending less and investing in your future will go a long way towards making this one of the financial New Year’s resolutions you can claim you accomplished by the end of 2022.
Next, prioritize which of your debts and loans will be easiest to pay off and which ones will require a bit more of an undertaking. Knocking out your minor debts as quickly as you can will free up space in both your bank account and your mind that you’ll need to take on your bigger debts head-first.
And resolving debt can be made much easier by seeking out an affordable and experienced certified debt specialist. A pro can make sure your financial New Year’s resolutions stay on track, and that you’re neither neglecting your need to save and put money aside for debt resolution nor funneling too much of the cash for your daily essentials away from what matters most. All it takes is a little guidance to find the perfect balance between saving and spending. Working with a certified Debt Specialist should feel like you’re collaborating on a project with a friend, and that’s what we aim to be for you at Money Ladder.
Make Your Financial New Year’s Resolutions a Reality with Money Ladder
You can’t always rely on everything you set out to accomplish going exactly according to plan, and times like that are just what Money Ladder is there for. We offer a wide range of services that can help you with everything from resolving your debt to growing your wealth safely and smartly over time. From learning the basics of finance to mastering its nuances, Money Ladder can help. No matter what your goals and dreams are for the new era you’re setting off into, Money Ladder will make sure your financial New Year’s Resolutions come true.
To start learning about what Money Ladder can do for your life, give us a ring at 1-888-585-8492 and ask how we can help. Our certified debt specialists have seen it all, and there’s no situation that’s too big or too small for us to help guide you through. We help everyone from families to financiers learn and grow with ease. When you’re ready to see your monetary potential reach its highest level, add the final step to your financial New Year’s resolutions and join the Money Ladder family today.
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* Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes. *Clients who make all their monthly program deposits pay approximately 70-75% of their original enrolled debts over 12 to 60 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete their program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. If you have any questions or comments about our disclosures as outlined above, you can contact us at: firstname.lastname@example.org