Improving your financial situation is not as difficult as it might sound, but it does require dedication and thought. It’s really just a matter of starting and maintaining healthy financial habits. If you’re keen on getting your financial house in order in 2013 the list below is chock full of great tips and advice that can and will help you do just that. Take a look and when you’re done reading put some of them to work for you to get your finances in order this year.
One of the most important things you can do is take 5 minutes every day to make sure that all of your major accounts are in order. It’s quick, easy and can help you spot mistakes or small problems before they become major headaches.
If you have a financial plan (and you should by all means) take 15 minutes a week to review it, review purchases you’ve made and make sure that everything is happening as you planned. For every purchase ask yourself if it fits into your plans and goals.
Take some time every month on the same day to look over all of your bills and make sure that they are all inorder. If you see that there won’t be enough to cover them make sure to tell your respective bank or credit card and make plans to pay when you can.
Create quarterly mileposts that you can use with your financial plan. For example, if your goal is to save $5000.00 dollars this year that means $1250.00 a quarter has to be saved. Do this with goals big and small and you’ll be more apt to make them happen.
Write down your goals and review them once a month when you pay bills. Knowing them, keeping them top of mind and focusing on them regularly will help to make them a reality.
Put your major bills on auto=pay. That way you will never forget to pay them and never get any late fees.
If you are so inclined keep up with the financial news either online or in print. That way, if there is anything that might affect your investments, you’ll know before it happens.
Do your best to bring all your non-mortgage debts to less than 15% of your income. This is vital for savings as well as for your credit strength.
Put the kibosh on ‘impulse spending’ and ask yourself ‘do I really need this’ for every purchase. The more you don’t spend the more you will actually save. Besides, you probably have more junk than you know what to do with already.
If there is anyone that you know who is doing well financially ask their advice, hang out with them more often and try to fashion your financial goals after theirs. Talking to an actual financial advisor is helpful too.
Give back to your community whenever and wherever you can. This may not help your finances but it will give you a better idea about how good you are actually doing. Plus it’s a great thing for your soul.
One last piece of advice; if you’ve made past financial mistakes FORGET ABOUT THEM. They are in the past and that’s where they will stay. There’s no reason to beat yourself up over them and there’s no way to go back and change them so deal with it, move on and don’t make the same mistakes again.