Attainable Financial Resolutions for the New Year

04 Jan 2019

 

Money-based resolutions are popular every year, but many people struggle to follow through on saving more and spending less.

Here are six ways you can realistically make progress on improving your finances:

  1. Increase your savings. Even if it’s only by 5%, every little bit adds up.
  2. Cut out one impulse purchase a week.
  3. Trim your electricity bills by making sure your appliances are all running efficiently and conserving as much energy as possible.
  4. Increase your marketability by learning new skills or broadening your knowledge in your chosen field.
  5. Pay down your debt by making it a priority.
  6. Spend less on groceries. Do whatever it takes to make it happen: coupon more, cash in on rebates, and shop the sales.