With 2018 coming to a close, you may take the time to reflect on the successes and failures that you've seen. Have you been able to accomplish everything that you've wanted, from a financial standpoint? If not, you may want to make 2019 a year of change, which brings us to the topic of New Year's resolutions. There are quite a few that the likes of Robert Jain can tell you about. Here are just a few that, if successfully carried out, can make a huge difference.
According to reputable names in finance, Bob Jain included, it's worthwhile to build toward an emergency savings account. For those that don't know, this is designed to cover a variety of situations, whether it's a medical situation, sudden loss in employment, or any other case where compensation will be needed. It's important to start building this account as early as possible. By doing so, you will have a more sizable nest egg that can be used whenever it's needed.
Another New Year's resolution worth making is to contribute more of one's earnings to their retirement savings. Whether you have a 401(k) or simple IRA, it's important to build toward the future, which is where the aforementioned savings come into play. Perhaps you have been able to earn a raise last year; it makes perfect sense to contribute a certain amount to your retirement. Any additional amount that you can contribute will make a difference.
Another way to be financially conscious next year, believe it or not, is to become healthier. You can do this in a number of ways that won't require you to invest as much money. Instead of spending a monthly sum on a gym membership you may not use, start by exercising at home, preferably with a process that you can follow step by step. Additionally, include healthier foods that, when on sale, won't cost as much as you may think. These are just a few ways to enhance your quality of life in general.
Perhaps the best New Year's resolution that one can make, as far as finances are concerned, is by boosting their credit score. If you have been having trouble obtaining a loan or opening a new credit card, it's possible that a low score is to blame. You can improve this by making smarter purchases, only buying what you know you can afford. This will allow to pay more affordable monthly bills, which will go a long way in improving your score.
According to reputable names in finance, Bob Jain included, it's worthwhile to build toward an emergency savings account. For those that don't know, this is designed to cover a variety of situations, whether it's a medical situation, sudden loss in employment, or any other case where compensation will be needed. It's important to start building this account as early as possible. By doing so, you will have a more sizable nest egg that can be used whenever it's needed.
Another New Year's resolution worth making is to contribute more of one's earnings to their retirement savings. Whether you have a 401(k) or simple IRA, it's important to build toward the future, which is where the aforementioned savings come into play. Perhaps you have been able to earn a raise last year; it makes perfect sense to contribute a certain amount to your retirement. Any additional amount that you can contribute will make a difference.
Another way to be financially conscious next year, believe it or not, is to become healthier. You can do this in a number of ways that won't require you to invest as much money. Instead of spending a monthly sum on a gym membership you may not use, start by exercising at home, preferably with a process that you can follow step by step. Additionally, include healthier foods that, when on sale, won't cost as much as you may think. These are just a few ways to enhance your quality of life in general.
Perhaps the best New Year's resolution that one can make, as far as finances are concerned, is by boosting their credit score. If you have been having trouble obtaining a loan or opening a new credit card, it's possible that a low score is to blame. You can improve this by making smarter purchases, only buying what you know you can afford. This will allow to pay more affordable monthly bills, which will go a long way in improving your score.
About the Author:
For additional details about finance in general, please contact Bobby Jain.. This article, New Year's Resolutions, By Robert Jain, That Maintain Your Finances is available for free reprint.
No comments:
Post a Comment