{"id":8103,"date":"2016-12-19T06:48:05","date_gmt":"2016-12-19T14:48:05","guid":{"rendered":"http:\/\/blog.paladinregistry.com\/?p=8103"},"modified":"2016-12-19T06:48:05","modified_gmt":"2016-12-19T14:48:05","slug":"10-new-years-financial-resolutions","status":"publish","type":"post","link":"https:\/\/www.paladinregistry.com\/blog\/personal-finance\/10-new-years-financial-resolutions\/","title":{"rendered":"10 New Year\u2019s Financial Resolutions"},"content":{"rendered":"

After the holiday season shopping is completed, most of us find that our bank accounts are a bit smaller than we hoped they would be<\/a><\/span><\/strong>. \u00a0With this reality check in mind, here are 10 financial resolutions everyone can make\u00a0to start off the new year on a smarter note money-wise and hopefully stick with throughout 2017:<\/p>\n

    \n
  1. Stop getting nickeled & dimed by everyone<\/em><\/strong> \u2013 and don\u2019t start doing it to everyone else. Why let stores, friends, family, etc., take advantage of you when it comes to money?\u00a0 Be fair about money matters and don\u2019t get taken advantage of by anyone.\u00a0 Instead, use coupons, negotiate better deals\/terms (especially when it comes to insurances), ask firmly but nicely (mind your manners!) for the money you\u2019re owed.\u00a0 Please stop drawing the short straw in these situations \u2013 you deserve better.<\/li>\n
  2. Put a budget in place AND stick to it. <\/em><\/strong>No sense in spending your money without a clue \u2013 let\u2019s figure out how to better use this green stuff, eh?\u00a0 Nothing will help you do that better than really seeing what money goes out and what money comes in.\u00a0 No excuses either \u2013 plenty of cheap and easy to use software\/apps\/tools that can help you create\/track your budget.\u00a0 After you do this, you can figure out where you need to improve and make progress.<\/li>\n
  3. Put a financial plan in place AND stick to it.<\/em><\/strong> See #2 above.\u00a0 Make sure your investments\/tax situations are where they need to be with your goals in mind\u2026whatever those goals may be.<\/li>\n
  4. Eliminate terrible debt. <\/em><\/strong>The big-box store plastic is probably the #1 problem for most people.\u00a0 The only acceptable debts (as long as the interest rates are reasonable) are mortgages, car loans, home improvement loans, and college loans.\u00a0 Negotiate lower rates whenever possible \u2013 no need to pay more interest than you should.<\/li>\n
  5. Get a sufficient emergency fund in place NOW.<\/em><\/strong> This way, you won\u2019t resort to using plastic when you have one of those \u201cuh-oh\u201d moments.\u00a0 Ideally, save 3 mos. of income for starters\u2026if you can get up to 1 year of income saved that would be best.<\/li>\n
  6. Improve your health\u2026<\/em><\/strong>yes, this affects your $! Less money spent on medications\/prescriptions, less doctor\u2019s visits (except your regular checkups), etc.\u00a0 Eating better (you can contact me about this too \u2013 I know a thing or two in this area) and regular exercise (try to start somewhere \u2013 even if it\u2019s just taking a walk after lunch and\/or dinner) are truly your financial \u201cfriends\u201d.\u00a0 If you make some healthy changes, you will spend less money for many types of insurances going forward and enjoy a better quality of life.\u00a0 Who doesn\u2019t want that?<\/li>\n
  7. Take care of the things you have. <\/em><\/strong>No sense in spending $ frequently on big-ticket items.\u00a0 Make them last for a while.\u00a0 Maintenance is key, especially when it comes to vehicles, boats, your home, properties, etc.<\/li>\n
  8. Be satisfied with what you have.<\/em><\/strong> Too many people play that silly game called \u201cKeeping up with the Joneses<\/a><\/span><\/strong>\u201d.\u00a0 Having the latest big-screen TV in every room in your house is not wise if you don\u2019t have enough saved for retirement or for little Suzie\u2019s college education.\u00a0 Prioritize the things that really matter \u2013 delay instant gratification instead of having the \u201cI need this yesterday\u201d mentality that gets far too many people into financial trouble.<\/li>\n
  9. Avoid doing dumb things.<\/em><\/strong> What I mean is that people sue people every day, so refrain from giving the sue-happy crowd any reason to come after you.\u00a0 There\u2019s a reason there are a lot of lawyers in the good ol\u2019 U.S. of A\u2026..and, last (but not least)\u2026<\/li>\n
  10. Learn something new financially every day.<\/em><\/strong> Even if it seems like something trivial, the more you educate yourself about financial matters, the better financial decisions you\u2019ll tend to make.\u00a0 Hire a qualified financial professional who educates you on a regular basis \u2013 this 10th<\/sup> step (if you hire the right advisor) can easily help you with the previous 9 steps!<\/li>\n<\/ol>\n

    Find an experienced financial advisor who creates & implements client goals, works for an RIA firm, earns his\/her money from fees (NOT commissions), believes in having an abundance of investment choices for clients, and has the heart & demeanor of a teacher – NOT a salesman – and chances are you\u2019ve found the right financial advisor to help you prepare and plan for your future.<\/p>\n

    To learn more about Martin Federici, view his Paladin Registry research report<\/a><\/span>. \u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    After the holiday season shopping is completed, most of us find that our bank accounts are a bit smaller than we hoped they would be. \u00a0With this reality check in mind, here are 10 financial resolutions everyone can make\u00a0to start off the new year on a smarter note money-wise and hopefully stick with throughout 2017: Stop getting nickeled & dimed by everyone \u2013 and don\u2019t start doing it to everyone<\/p>\n","protected":false},"author":12,"featured_media":8108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[765],"tags":[],"class_list":["post-8103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"yoast_head":"\n10 New Year\u2019s Financial Resolutions<\/title>\n<meta name=\"description\" content=\"Here are 10 financial resolutions everyone can make to start off the new year on a smarter note money-wise and hopefully stick 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