As 2018 nears an end, you may be cringing over some of your financial mistakes. Maybe you got into too much credit card debt holiday shopping and are looking to pay it off now. Well, the new year is a time to start fresh! Flip the script in 2019 with these tips on how to improve your finances.
How to Improve Your Finances in 2019
Reevaluate Your Finances
By taking a look at how you did in 2018, you can equip yourself to do even better in the new year. Note what is working & pinpoint a few areas where you can do better. Ask yourself some questions, such as:
–Do you have a budget?
–Are there areas where you could cut spending back?
–Do you contribute to an emergency fund?
–Are you contributing to retirement? Can you contribute more?
–Are you happy with your overall financial situation?
Reflecting on your financial trajectory over the past year can help you asses your situation and whether or not you’re reaching your goals.
Create a Budget
Set SMART Goals
Set short, medium, & long-term goals to accomplish in 2019. For example, organizing your paperwork, accounts, and debt could be a worthwhile goal. If you already have, reevaluate to ensure you are on track.
Address Bad Habits
Do you indulge in retail therapy? Do you have a negative perspective on money? Address behaviors that are causing unnecessary consumer debt. This must happen before you start achieving your financial goals and eliminating debt.
If you need additional help working through your current finances and goal planning, speak to a credit counselor today at 800-769-3571.