Getting your money in order can do so much for your wellbeing. It will help you sleep better at night. It will help you feel more in control of your future. It will help you feel less like life is screwing you over—which many of us can feel when we’re working ourselves to the bone and for some reason just can’t save money or put anything in a retirement account or afford a decent vacation. But you likely can do all of those things if you just sit down, assess your financial health and habits, and make some changes.
The New Year can be the ideal time to recommit yourself to better money habits. A solid financial situation isn’t always the result of some incredible influx of cash—like through winning the lottery or writing a best-selling novel. Many individuals out there who are enjoying a comfortable financial situation are able to do so because of daily habits that they’ve stuck to for years. Those little choices add up. That impulse control and that attention to detail can make a world of a difference in your checking and savings account every couple of years.
You probably tell yourself you’ll be better about money in this way or that way. But, when the moment comes along, you give into temptation. You do what feels the easiest (or the most enjoyable) at the time, knowing that, in a way, you’re stealing from your future self. Nobody said that financial reward came without a little sacrifice. It may be time to exhibit a bit more discipline. This can be the year that you behave, financially, in a way you’re proud of. You could join that group of individuals who doesn’t panic about surprise expenses and worry about how they’ll ever…save for retirement or…own a home. Here are some excellent financial resolutions for 2020.
Research big purchases better
Don’t throw money at the problem. Yes, researching, digging around, calling a friend, and doing your due diligence can be a pain. But when it comes to big purchases, doing your research can save you hundreds (or thousands) of dollars. Though it’s tempting to just buy the first dining room table or lease the first car you find and get some free time back, don’t do it. Investigate. Shop around.