Another year has come and gone. And while it’s exciting to think of the New Year and new beginnings, there is also value in reflecting on the past. From a financial perspective, taking a look back at 2015 can help you lay the foundation for moving forward in 2016.
Achieving financial security doesn’t happen overnight, but it can happen with a detailed plan and some discipline to boot. Get started with these four easy-to-follow steps.
The New Year is a time for new beginnings. A time when people make declarations to lose weight, quit smoking, volunteer to help others, and develop better habits. You probably have a mental list of personal areas you want to improve. But have you considered adding a financial resolution to that list? How would your life look if you saved more, spent less, paid off debt, and planned for retirement?
A great first step in improving your financial life is debt reduction. Credit card offers are so appealing these days: low introductory rates, reward points, high limits. Many consumers rely on them to get through hard times and are left with large amounts of debt and high interest rates. Here are a few strategies to help you begin the process of reducing debt.
Many individuals are burdened with an excessive amount of debt and if you are one of them, you might not see any way out. Even though the road might be painful, there is a way out. And you can do it yourself without help from a special agency or other debt relief solution.
With the first quarter of the year already gone it might be time to look at those resolutions that you formulated at the start of the year. If like some, many of your New Year’s resolutions have gone by the wayside. If those forgotten resolutions are financially related there is still time to get them back on track.
Looking back at 2013.
So you messed up in 2013. The good news is that in most cases, it’s not difficult to get back on track. Here’s what you need to do now to correct 2013’s financial mistakes.