7 Financial Resolutions for the New Year

7 Financial Resolutions for the New Year

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Consider the following financial resolutions for the coming year, along with some tips for achieving them:

New (financial) goals for the new year

Consider the following financial resolutions for the coming year, along with some tips for achieving them:

1. Increase your savings.

There are numerous approaches you can take.Good strategies include increasing 401(k) contributions, automating transfers to high-yield savings accounts, and reducing spending that isn't necessary.Using a credit card to your advantage is an unexpected way to increase your savings.You can earn cash back, airline miles, or points that can be used to offset some purchases by taking advantage of the competitive rewards and statement credits offered by many.Try something new.

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