To start 2018 with a bang, it is essential to get your finances in place for the new year. Many people will have little money left to spare in the bank account after the holiday season, so NOW is the time to start managing your money smarter!
Here are three foolproof financial resolutions to conquer in 2018:
Create a Financial Calendar
If you have a lot going on, and a lot of expenses to take care of each month, it is helpful to set appointment reminders for money to-dos. Not only that but writing down specifically what you spend money on will force you to take a step back and evaluate your habits. Creating a financial calendar that you can look back on will help alleviate anxiety and prevent any late bill payments.
Save Each Month
If you have a steady income, make it a habit this year to start setting aside a certain amount of money each month to put in a 401K or other retirement account. You can start small. But if you are committed to saving each month, by the end of the year you will be pleasantly surprised! Managing your hard-earned money is a process. Invest in yourself this year! Your future self will thank you.
Minimize unnecessary expenses
The two months before the new year rolls in, tends to be chaotic, and any budget you set for yourself may fall by the wayside in the commotion of holiday spending. This is exactly why managing money smarter is a common theme for new year’s resolutions By laying out a specific budget for yourself and your family, you will be able to enjoy and splurge every once in a while, while still being able to pay all your bills without anxiety!
The materials on this blog are provided for informational purposes only and do not reflect the opinions of ChimpChange LLC or Central Bank of Kansas City, Member FDIC. Several of these blog posts may contain links to content on third party websites which are provided for your convenience; please note that linked sites may have a privacy and security policy different from our own, and we cannot attest to the accuracy of information. ChimpChange LLC and Central Bank of Kansas City do not guarantee nor expressly endorse any particular product, service or third-party content.