Set New Year’s Resolutions for Your Finances in 2019

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Set New Year’s Resolutions for Your Finances in 2019

Posted On: January 8, 2019 by Farmers Trust & Savings Bank in: Budgets, Saving money

The holidays are over, and a new year has arrived. That means it’s time to set some new year’s resolutions. While resolutions involving your physical health are important, FTSB recommends setting resolutions for your finances as well. Five Financial New Year’s Resolutions for 2019 Financial resolutions should be realistic goals that can be achieved in the new year. We suggest considering setting the following resolutions in 2019. Set or update your budget. Set aside some time early in the year to examine your budget and decide what needs to be altered for the new year. Take a hard look at all debts and expenses, as well as amounts you want to spend for food, entertainment and savings.   Eliminate at least one debt. After reviewing or creating your budget, decide on at least one debt that you will pay off in the new year, and make a plan to achieve it. If you do not have a debt that you can realistically pay off by the end of the year, reduce at least...