What are you determined will be different for 2013? How do you hope to tweak or totally transform in your financial life? Here are some suggestions.
Set goals- Where are you going? Do you want to retire early? Help the kids with college? Clarify you gaols, the ones that are afar off in years and those that you may want to focus on in the new year.
Make a plan- A plan is a map of how much to save, which debt to pay down first, where will the savings go? What about 401(k0s at old jobs? What about making sure you meet with your advisor about additional retirement savings? Check insurance like you do the battery in your smoke detector.
Check your credit- you can get a free credit report from each agency at once at www.annualcreditreport.com
Where's your money going? - Have you been tracking spending? How much do you spend as a percentage of your income on your favorite hobbies, my friend? It can go where ever you want it to go, so long as you are in charge. Take control.
Pay down debt - this is the most common practical goal of many. Debt costs money, even 'cheap ' debt. So paying things off is good goal. But making the actual doing of this goal practical is what has to happen to make the goal a done deal. You only need to pay what you have contracted to pay. Don't let emotions dictate a repayment schedule that precludes other needs.
Save more- such as saving more. When you are done working, all you have saved is all you'll have. And usally folks wish they had saved more and started earlier. So, if this is you, how are you actually going to achieve this goal? Make a concrete pla and you have a better chance of succeeding.
Get a free credit report from three agencies at annualcreditreport.com
Citation:
Marion Syversen, MBA
NorumbegaFinancial
207.862.2952
Marion@NorumbegaFinancial.com
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