It’s the start of 2015 and now is an ideal time to take a fresh look at your finances for the year. Have you made a budget? Are you tracking your spending? Saving money?
As January is Financial Wellness Month, we wanted to share some of our favorite tips to help you achieve financial happiness this year:
- Find a good book about financial savings so you can prepare a flexible and real budget for you and your family.
- When budgeting, ensure that you have enough money to pay for the most important necessities, but set aside some money for emergencies that may “pop up” to avoid a panic attack.
- Get some tax advice early on and save everything such as receipts, bills, etc.
- Cut back on expenses and save money. From discounts to coupons to small change, it all adds up to a penny saved is a penny earned. Walk and save money on fuel. Cook a simple dinner instead of eating out frequently.
- Pay off debts. Avoid those nagging bill collectors, guilt and worry by clearing as much debt as you can during the next few months. However, make sure you know just how much you really owe before you do. Addressing debt early can lead to financial wellness throughout the year.
- Try networking for a better career option. Most everyone wants a better paying job, and now is the perfect time to look.
- Consider Waldorf certificate programs that can help you get a promotion.
- Make sure to keep track of all your spending no matter how small the amount. That $3.50 for coffee every day adds up and can drain your finances quietly.
- See a financial manager if the whole process seems too overwhelming. Generally, these advisors can give you a plan and direction to work within your means.
- If you have children, educate them about money, saving and budgeting. This will pay off in the long run as they learn the value of a dollar.
Do you have any tips to share with others? Let us know in the comments below. We would love to hear your ideas!