Saving Money in the New Year (Resolution)
New Years Eve is a time of setting goals and resolutions, most of which will ultimately be about saving money and getting out of debt.
Today we would like to look at some past articles written over this year that can help people achieve their financial goals for the new year and provide a good starting point for your New Years resolution and plans.
I personally find it best to start each year a fresh, getting my finances back on track and starting a plan to save money that will continue into the following year.
Saving Money in the New Year
Saving Money Plan – Learn how to write a saving money plan for the new year. It will help you get a greater understanding of your overall finances and allow for a fresh start in the new year.
Start Saving Cash – If 2008 has taught us anything, it is that investments can work in our favour, but they can also work against us. Start the new year by setting up a strategy to start saving more cash, so that you can build that ‘rainy day fund’ or ‘nest egg’.
Getting out of debt in the New Year
Pay off your mortgage quicker – Why not aim to dramatically reduce your mortgage this new year? There are many strategies to save you interest and time on your mortgage.
Reducing your debt – You should take a look at your debts, ranging from credit cards to mortgages and evaluate how you can start paying off your debt much quicker.
Get a balance transfer – While you pay off your credit card debts, why not get a balance transfer and take the burden of interest payments off your mind for a little while?
Reducing Car Costs in the New Year
Green Slips NSW – We have had some great success this year in finding dramatic savings on CTP Green Slips and their associated costs. Why not try and save a quick $200 by shopping around.
Petrol Saving Tips – You can cut down the costs of running your car by simply using some smart petrol saving tips we spoke of earlier.
Car Pooling – This is a great tip to help you cut the costs of commuting and work related car costs. Maybe you could ask a work partner to commute with you?
Use Public Transport – The money savings are dramatic, all you need to do is catch a train or a bus to work a few days a week.
Get a New Years Eve Savings Account
Start the new year properly, organise a new account for your savings so that you can measure and calculate all of your savings and how much you are putting away. Open a high interest bank account today and start adding to it when you are back at work.
A big thank you
Before we go any further, we would like to take a moment to thank all of our readers and contributors this year, you have greatly helped SavingsGuide grow and we are very excited about what the new year holds.
Have a great Christmas, and we look forward to seeing you safely after the holiday period.
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