Southland News

5 Financial Resolutions for the New Year

    1. Track your spending

Use a budgeting app like Mint or YNAB to make this easy.

    2. Make a budget, and stick to it

You can designate separate amounts for every spending category, use the 50/30/20 budget or try the envelope system.

    3. Max out your credit card payments

Take steps toward kicking credit card debt by adding an extra $50 or $100 to your monthly payments.

    4. Build an emergency fund

If an unexpected and large expense will send you spiraling into debt, start building an emergency fund.

    5. Automate your savings

Make saving simple by setting up an automatic monthly transfer from your checking account to your savings account.