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Financial New Year’s Resolutions

December 31, 2008

Happy New Year!

It’s hard to believe that 2008 is over already. What a crazy year 2008 has been in many ways, not least of which in terms of the economy and people’s finances.

Advantage Credit Counseling Service celebrated its 40th year in business. And it turned out to be one of the busiest years the agency has had as we’ve continued our work to get people on the road to paying down their debt, managing their budgets and saving money for the future.

Many of us make New Year’s resolutions. But this year it’s really important for all of us to make more than just a resolution to do better with our finances. It’s important for us to make lifestyle changes when it comes to money. Consider it a financial diet.

Like any diet, it may be difficult in the beginning. It will get easier as you go along.

Here are the three ways to kick start your financial resolution for 2009:

·        Create a budget. If you already have a budget, review it and see what adjustments should be made.

·        Make a pledge to quit using credit. Operate on a cash only basis. If you charge something, pay it off as soon as the bill comes.

·        Build up your savings. Most experts recommend having an emergency savings equal to at least three months of your salary. That can be a daunting amount of money to save. Instead, try setting a savings goal that is within your reach and not so intimidating. Even if you can only put $10 a pay into a savings account, it’s a good start.

And remember, if you need help creating your budget and managing your debt, you can always call the certified counselors at Advantage CCS for help.

Written by Lauralynn Schueckler · Filed Under Credit Counseling, Debt 

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