If you’re keen on starting off 2014 with some financial resolutions, the first thing that you should do is set up some systems to help you do them faster and easier. If you do you’ll be more likely to actually keep your resolutions and make your financial goals this year. With that in mind, we’ve put together a number of simple steps that you can take to turn your financial goals into financial realities in 2014. Enjoy.
Step 1: Surf to your bank’s website and download their mobile app.
The thing is that you can spend all sorts of time waiting on hold for a customer rep every time you call your bank with a question. If you want to avoid this frustrating loss of time, use your smart phone or tablet and your bank’s mobile app to get you answers on almost all of the questions you have including your debits, your balance, your transactions and so forth. An app can also help you to manage your money from wherever you are at whatever time you wish to do it. You already have the technology in your hand so why not use a tool that the bank has created for you to make your life a lot easier next year.
Step 2: Set up to have your bills paid automatically.
One of the simplest and easiest ways to avoid late fees as well as waiting in line at the bank or at the post office purchasing stamps is to set up automatic bill pay for your regular bills. It’s actually quite easy to do and will save you a ton of time at the end of every month. There are even online services like Manilla that you can use to set everything up and save yourself a lot of time and frustration.
Step 3: Get an online personal finance management tool.
We mentioned Manilla above and the fact is that, In this electronic age, there is no reason to not have at least one online tool helping you to manage your money. There are several others that you will easily find online if you just Google “money management tool” on your browser. All of them will give you the information that you need in order to make and keep a budget by giving you the information about how much money you are bringing in, spending and, most importantly, saving.
Step 4: If you don’t have a credit card with a rewards program, get one.
If you have good credit you should definitely check into getting a credit card that has a rewards program so that when you use your credit card you’ll be getting something back. If you pay your credit card off every month a rewards card can be an excellent deal, especially if you consolidate all of your expenses onto that card every month. The more you do the more points and rewards you will be able to get.
Step 5: Talk to people about your finances.
Whether it’s talking to your spouse about your long-term goals, getting together with your parents to talk about their preferences for long-term care or sitting down with a financial advisor about your best financial options, having a conversation about your finances is one of the best ways to stay on top of them. No matter what you’ve been putting off, make a resolution to talk to somebody about it by the end of January. While you may not have it all figured out in a month you’ll at least be on the road to a better financial picture by the end of the year.
Speaking of financial advisors, if you have any questions about personal finances whatsoever please let us know and we’ll get back to you with answers and options ASAP.