As Robert Jain, as well as other minds in finance, can attest, some of the most common New Year's resolutions have to do with money. Whether it's a matter of saving money in general, building an emergency account, or what have you, resolutions are varied. What are some of the best that can help you with your finances? Here are just a few, in addition to ways that you can ensure that they're carried out.
One of the most common New Year's resolutions, as far as finance is concerned, is to build an emergency savings account. Whether it's due to a lack of employment, a medical concern, or what have you, there may come a time when you have to pay a considerable amount. Why not alleviate the concern of having to pay out of pocket? This is why you should build the aforementioned account, which names such as Bob Jain will recommend that you do as well.
Another way to go about establishing New Year's resolutions is by increasing your contributions to your retirement account. If you speak to an established agent, and continue to work full-time on a regular basis, eventually you'll reach your goal. However, by increasing your contributions, the goal in question will be obtained sooner. This goes a long way in your personal life, especially in the long term, so keep this in mind.
Next, focus on becoming healthier. While this may not seem like a financial resolution, on the surface, you have to consider the costs that are often associated with a healthy way of life. A gym membership, for instance, can eat away at your bank account. The losses are especially noticeable if you don't go to the gym often. There are other ways to stay healthy, such as home exercising and eating properly, that won't cost nearly as much.
Lastly, make it a point to improve your credit score in 2019. There are many people that struggle with this, but boosting your score doesn't have to be as difficult as it appears. One of the ways to go about this endeavor is by paying any debts that you have. If a particular debt is outstanding, it's in your best interest to cover this earlier. Every positive change that you make, from a credit standpoint, will be reflected in a higher score.
One of the most common New Year's resolutions, as far as finance is concerned, is to build an emergency savings account. Whether it's due to a lack of employment, a medical concern, or what have you, there may come a time when you have to pay a considerable amount. Why not alleviate the concern of having to pay out of pocket? This is why you should build the aforementioned account, which names such as Bob Jain will recommend that you do as well.
Another way to go about establishing New Year's resolutions is by increasing your contributions to your retirement account. If you speak to an established agent, and continue to work full-time on a regular basis, eventually you'll reach your goal. However, by increasing your contributions, the goal in question will be obtained sooner. This goes a long way in your personal life, especially in the long term, so keep this in mind.
Next, focus on becoming healthier. While this may not seem like a financial resolution, on the surface, you have to consider the costs that are often associated with a healthy way of life. A gym membership, for instance, can eat away at your bank account. The losses are especially noticeable if you don't go to the gym often. There are other ways to stay healthy, such as home exercising and eating properly, that won't cost nearly as much.
Lastly, make it a point to improve your credit score in 2019. There are many people that struggle with this, but boosting your score doesn't have to be as difficult as it appears. One of the ways to go about this endeavor is by paying any debts that you have. If a particular debt is outstanding, it's in your best interest to cover this earlier. Every positive change that you make, from a credit standpoint, will be reflected in a higher score.
