Financial New Year’s Resolutions Every Woman Should Make

January 5, 2016  |  
1 of 15

Image Source: Tumblr

Image Source: Tumblr

Looking to change your financial situation this year? Make these fiscal New Year’s resolutions to put yourself on the right path in 2016.

Image Source: Tumblr

Image Source: Tumblr

Deal In Dollar Amounts

Swap vague resolutions like “Save more money this year” and “Get out of debt” with concrete goals like “Save $200 from each check” or “Pay off $100 in debt each month.”

Image Source: Tumblr

Image Source: Tumblr

Trim the Fat

Once a year, everyone should look over their monthly bills for unnecessary services that they can eliminate to save money — or ways to refinance as well as get new quotes.

Image Source: Tumblr

Image Source: Tumblr

Max Out Your Credit Card’s Usefulness

Do so by matching perks with your intended use. Pick one credit card with great rewards for daily purchases (pay it off every month to avoid monthly charges). Switch your revolving debt to another card with a lower APR.

Image Source: Tumblr

Image Source: Tumblr

Never Miss Another Credit Card Payment Again

In this day and age, there’s no excuse not to have automatic bill pay. Set the monthly amounts for any amount above the minimum to avoid late charges (and dings to your credit).

Image Source: Tumblr

Image Source: Tumblr

Be Prepared for An Emergency

If “What if?” happens in 2016, this time, you’ll be prepared. An ideal emergency fund contains 12 to 18 months worth of your take-home pay. Fill it up a little each month and you can relax a bit more the next time disaster strikes.

Image Source: Tumblr

Image Source: Tumblr

Find An Investment

Already have a savings account? Let 2016 be the year your money makes money for you.

Image Source: Tumblr

Image Source: Tumblr

Improve Your Credit

Good credit can always get better. Simply opening a credit card (you don’t have to use it) with no delinquencies will report positively to your credit agencies and help cover up any dents in your credit history.

Follow that up with a monthly credit tracker to keep an eye on anything that could bring your score down.

Image Source: Tumblr

Image Source: Tumblr

Change Your Email Password

And keep switching it every three months to prevent identity theft or account hacking.

Image Source: Tumblr

Image Source: Tumblr

Take Care Of Your Health

An apple a day keeps the medical bills away. I think that’s how the saying goes…

Image Source: Tumblr

Image Source: Tumblr

Complain More

When you report a company’s bad behavior through reports or reviews, everyone’s financial situations improve. Pay attention to other reviews as well and you can save money by getting the best service for the least money.

Image Source: Tumblr

Image Source: Tumblr

Monitor Your Spending

Apps like Mint help you keep track of all of your outgoing expenses to avoid spending on unnecessary items — like McDonald’s three times a week — that could go into your savings.

Image Source: Tumblr

Image Source: Tumblr

Make More Money

Whether that means that this is the year you go back to school, start your Instagram business or put yourself in position for a promotion or raise, every month, make sure you take steps toward earning more by 2017.

Image Source: Tumblr

Image Source: Tumblr

Start Planning For Retirement

It’s never too early to start putting the recommended 15 percent of your salary in your interest-building savings account or 401k.

Image Source: Tumblr

Image Source: Tumblr

Spread The Word

You’re more likely to stick to a resolution if you tell people who will check up on your progress from time to time.

Trending on MadameNoire

View Comments
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
blog comments powered by Disqus