Newsletter Signup
SmartAboutMoney.org -- National Endowment for Financial Education
search      go
Life Events & Financial Decisions  Resource Library  Who We Are  economic survival tips  Community
 

Life Events & Financial Decisions



 

Powered by all-inclusive Minneapolis web hosting services providers of Chicago

Here are 200 great ways to make fast cash for your pocket book

He is a great list of original websites which you can gain access to site builders

Financial Tip

Give your children or grandchildren financial gifts, such as money for college.

home › Featured Articles  › New Year's Resolutions › Seven Financial New Year's Resolutions for 2012

Participate in discussions, find answers and connect with others.

Join SAM Community

SEVEN action items for 2012

print
 
  1. Control spending: If you spend less, you'll have more money available to pay down debt and save for the future. Write down your expenses for a month to see where your money is going. You might be surprised by how easy it is to find places to scale back.
  2. Create a debt repayment plan: If you carry credit card debt, write down everything you owe and make a plan to pay it off. Start with small items you can act on right away—it will make tackling the bigger debt easier. Also, try buying with cash only. It’s a surefire way to prevent increases in your credit card debt.
  3. Set up auto-savings plans: Arrange with your bank or another financial institution to have a set amount deducted from your checking account to a savings account each pay period. Of the Americans who have been able to contribute to emergency savings funds, automatic withdrawal is the most popular method, according to the Consumer Federation of America.
  4. Boost retirement savings: If your employer offers a 401(k) plan, increase your contributions. If you don't have an employer plan, open an Individual Retirement Account (IRA) and arrange for contributions to be made automatically from your checking or savings account.
  5. Create a long-term plan: Write a list of your long-term goals, such as buying a home or saving for college or retirement. Visit the Life Events section for more tips on accomplishing these goals.
  6. Protect yourself: Be prepared for the unexpected by making sure you, your family, your assets, and your investments are insured and fully covered. If you do not have a will, make 2011 the year you establish a life plan.
  7. Find a financial buddy: Share your financial resolutions with a friend, colleague, or family member, and you’ll be more likely to keep them. Find someone else who wants to turn around his or her debt or cut his or her spending, and establish a mutual support system.
blog comments powered by Disqus
 
previous    (6 of 6)    next
Copyright © 2012 National Endowment for Financial Education. All rights reserved.
terms of use   |   contact us  |   about us   |  site map  |  
login