Print

News >> Browse Articles >> Economic & Financial Highlights

News >> Browse Articles >> Seasonal News & Tips

+20

Money Saving New Year's Resolutions

Money Saving New Year's Resolutions

The New Year is a perfect chance to resolve to save money for your education.

Elizabeth Hoyt

January 17, 2014

It’s 2014 – the year of the horse has arrived!

In the Chinese zodiac, the spirit of the horse represents a constant effort to better oneself, which means that this year could not be more perfect to spend focusing on your education and, of course, a way to pay for it!

Here are some suggestions of resolutions you can take on this year to improve your financial situation:

Avoid Credit Card Debt –

Credit cards can seem like a simple solution for the present, however, piling on debt to deal with later is not a solution.

As enticing as any credit card’s rates may seem, interest accumulates rapidly and paying off the minimum payment is not a solution.

If you do have a credit card, only spend what you actually have. That way, you will improve your credit score and never carry a balance.

Save More –

It sounds simpler than it is. Saving is difficult, but if you decide to save a certain portion of your paycheck, it can be easier if you arrange for automatic deposit of that portion into a savings account.

Eventually, you will get used to your adjusted paycheck and will not even think about the amount that’s gone into your savings.

Just Say No –

If you can’t afford to go out, stay home. It’s that easy! You must be realistic – if you can’t afford to dine out, go out or whatever it is – why not entertain on a budget?

Go in on a cooking dinner with friends (groceries are much less expensive than eating out), playing games at home or find other budget-friendly ways to have fun. Remember, you can say no to going out and spending money without sacrificing fun!


+20

Recent Activity

Penguins_max30
spawn182120 received the quiz result of "You're a Match", about 6 hours ago.
Photo_user_blank_big
NAnadon received the quiz result of "Rock Star", about 11 hours ago.
Photo_user_blank_big
mah456 commented on: "5 Ways to Make Money Now", about 13 hours ago.
Photo_user_blank_big
madman999 received the quiz result of "You’re a natural-born Advertiser ", about 19 hours ago.
Photo_user_blank_big
NAnadon received the quiz result of "A Special Treat", 1 day ago.