Many people make their “New Year’s” resolution – give up smoking, loss weight, visit parents more often, save $$. And just as many break their resolve within the first 2 months. I’ve given up making “New Year’s” resolutions. Why must there be just that one day in a year for this? Any time of the year, I say! So, what better time to revive our fallen “New Year’s” resolution than April 1 – All Fools’ Day?? I like that.
So, let’s have a few Financial Resolutions laid out for the rest of this year – try to do all or pick one.
- Live by a BUDGET: I used to hate budgets. But I see the wisdom in it. It helps me see where and how I’m spending my money.
- SAVE, SAVE and SAVE again: We always say we can’t afford to save. Then I read this book – The Richest Man in Babylon. Simple reading – 2 hours. I learned the 10% rule – yes, save 10% of my GROSS income. That’s right – the gross. Before paying the car note, before paying the rent. Phew, it was tough in the first 2 or 3 months – I had to learn to live lean. But, you know what? I soon got used to my new lifestyle and stopped feeling the pinch of saving that 10% each month.
- GOAL: Set a goal for your savings. What will you do with the money you’ve saved? This makes it easier to save. After a while, it’s actually very nice to see the savings goal grow.
- PAY DOWN debts – and pay ON TIME. This will help you get higher credit scores.
And, if your GOAL is to purchase a home, give me a call at 671-688-6989 or email me at firstname.lastname@example.org