top 10 new year money resolutions

As the new year approaches, many of us are looking for ways to improve our financial health.

From setting a budget to tracking our spending, there are plenty of resolutions we can make to achieve better financial health.

Here are the 10 best money resolutions for the New Year that can help you get your finances in order.

Set a Budget

Creating a budget is the first step to taking control of your finances. Start by tracking your expenses for a few weeks and then create a budget that works for you.

"65 percent of Americans said they don’t know how much they spent last month." ~ Intuit

Create an Emergency Fund

Emergency funds are essential to protecting yourself from unexpected costs. Aim to save up enough to cover at least 3-6 months of living expenses.

Pay Off Debt

If you have debt, make a plan to pay it off as quickly as possible. Focus on the debt with the highest interest rates first and then work your way down.

Invest For The Future

Investing can help you reach your financial goals, whether it’s for retirement, a home purchase, or something else. Start small and talk to a financial professional if you need help.

Automate Your Savings

Set up automatic transfers from your checking to savings account to help you save more. You can also set up automatic payments for bills and other expenses.

Track Your Spending

Keeping track of your spending can help you stay on budget and make sure you’re not overspending. Use a budgeting app or website to track your spending and set up alerts for when you’re close to your budget limit.

Spend Smarter

Before you make a purchase, think about whether it’s really worth it. Make sure you’re spending money on the things you value most and avoid impulse purchases.

Negotiate Bills

You can often save money by negotiating with your service providers. Call your cable, internet, and phone companies to see if you can get a better deal.

Give Yourself a Financial Checkup

Take the time to review your financial situation and make sure you’re on track. Consider talking to a financial professional if you need help.