With 2018 coming to a close, you may take the time to reflect on the successes and failures that you've seen. Have you been able to accomplish everything that you've wanted, from a financial standpoint? If not, you may want to make 2019 a year of change, which brings us to the topic of New Year's resolutions. There are quite a few that the likes of Robert Jain can tell you about. Here are just a few that, if successfully carried out, can make a huge difference.
One of the most common New Year's resolutions, as far as finance is concerned, is to build an emergency savings account. Whether it's due to a lack of employment, a medical concern, or what have you, there may come a time when you have to pay a considerable amount. Why not alleviate the concern of having to pay out of pocket? This is why you should build the aforementioned account, which names such as Bob Jain will recommend that you do as well.
Another way to go about establishing New Year's resolutions is by increasing your contributions to your retirement account. If you speak to an established agent, and continue to work full-time on a regular basis, eventually you'll reach your goal. However, by increasing your contributions, the goal in question will be obtained sooner. This goes a long way in your personal life, especially in the long term, so keep this in mind.
Next, focus on becoming healthier. While this may not seem like a financial resolution, on the surface, you have to consider the costs that are often associated with a healthy way of life. A gym membership, for instance, can eat away at your bank account. The losses are especially noticeable if you don't go to the gym often. There are other ways to stay healthy, such as home exercising and eating properly, that won't cost nearly as much.
Perhaps the best New Year's resolution that one can make, as far as finances are concerned, is by boosting their credit score. If you have been having trouble obtaining a loan or opening a new credit card, it's possible that a low score is to blame. You can improve this by making smarter purchases, only buying what you know you can afford. This will allow to pay more affordable monthly bills, which will go a long way in improving your score.
One of the most common New Year's resolutions, as far as finance is concerned, is to build an emergency savings account. Whether it's due to a lack of employment, a medical concern, or what have you, there may come a time when you have to pay a considerable amount. Why not alleviate the concern of having to pay out of pocket? This is why you should build the aforementioned account, which names such as Bob Jain will recommend that you do as well.
Another way to go about establishing New Year's resolutions is by increasing your contributions to your retirement account. If you speak to an established agent, and continue to work full-time on a regular basis, eventually you'll reach your goal. However, by increasing your contributions, the goal in question will be obtained sooner. This goes a long way in your personal life, especially in the long term, so keep this in mind.
Next, focus on becoming healthier. While this may not seem like a financial resolution, on the surface, you have to consider the costs that are often associated with a healthy way of life. A gym membership, for instance, can eat away at your bank account. The losses are especially noticeable if you don't go to the gym often. There are other ways to stay healthy, such as home exercising and eating properly, that won't cost nearly as much.
Perhaps the best New Year's resolution that one can make, as far as finances are concerned, is by boosting their credit score. If you have been having trouble obtaining a loan or opening a new credit card, it's possible that a low score is to blame. You can improve this by making smarter purchases, only buying what you know you can afford. This will allow to pay more affordable monthly bills, which will go a long way in improving your score.
About the Author:
For additional information regarding finance in general, kindly consult Bobby Jain.
No comments:
Post a Comment