Now that the holidays are here and there’s a brand-new year in front of us, it’s time to start talking resolutions. Everybody wants to turn over a new leaf and hit the reset button on at least one aspect of their lives. How about you? What corner of your life needs the resolution treatment? Well, if you’re here looking for a title pawn, would it be safe to say it’s your finances? Don’t worry, we’ve all been there. If you want to make 2019 a better financial year, take these 5 financial resolutions to heart!
Got credit cards? How much do you owe on them? If collectively, you owe more than $10,000, it’s time to start thinking about getting them under control before they control you. Fortunately, there’s plenty of options available to you that you might not have known about. You may be able to take out a low-interest personal loan from your bank or enroll in a debt management program from the AAA Fair Credit Foundation, American Financial Solutions, or InCharge Debt Solutions. With a little bit of help, you could be debt free within 3 to 5 years!
Are you tired of relying on a title pawn to get out of a financial emergency? One surefire way to avoid financial emergencies in general is have an emergency fund ready and waiting in in the bank. As a rule of thumb, it’s best to have around $1,000 saved to help fight off unexpected financial emergencies like forgotten bills, or last-minute auto/home repairs. Start building your emergency fund by setting aside as little as $25 per week. At this rate, you could have $1,000 saved in less than a year!
Your credit is one of the most valuable financial tools you have. Want to buy a house? Use your credit to get approved for a mortgage loan. Need a new set of wheels? Good credit could get you the auto loan you need to drive away in a brand-new car! Start checking your score today for free suing Credit Sesame or Credit Karma. Keeping your credit on the up and up will give you spending power you didn’t know you could have.
Since it’s that time of year to start Christmas shopping for your kids, parents, the in-la…err… the neighbors, and whoever else made it onto your “nice” list this year, why not start a side hustle to help fund all the Christmas joy? A side hustle doesn’t have to be something dreadful like working the night shift at the 7-Eleven. Whatever it is you love to do, do it for a price! Love animals? Get paid to walk people’s dogs. Love driving? Hop on the Uber train. Love making little crafts and DIY things? Sell your creations on Etsy. There’s a lot of cash-grabbing opportunities out there. Find one that’s right for you.
This New Year, why not commit to preparing for the next holiday season? Since the holidays are arguably the most expensive time of year, it would be wise to start saving up now. Come Halloween, you’ll be thankful you did. Wouldn’t it be nice to get all your Christmas shopping done without breaking the bank for a change? Whether you decide to use your side hustle to put away those extra holiday dollars, or if you opt to set aside a little extra while building your emergency fund, it pays to be ready for next year. By putting all the above financial resolutions to practice, you’re already well on your way to a much happier and wealthier new year!