The holidays are over and the new year has begun. This is the traditional time of year to make our new year’s resolutions. From a daily money manager’s perspective, resolutions might include creating an emergency fund, automating routine bill payments, improving your credit score, and/or updating your estate documents.
Many of us start the new year with high hopes and expectations, and compile long lists of resolutions that prove too ambitious and, ultimately, unrealistic. By the end of January, our well-intentioned plans for the new year have fallen flat. I recommend a more focused approach and one that will help achieve financial success and peace of mind.
Are you dealing with holiday debt? Are you experiencing anxiety opening your credit card statements and realizing how much you spent for holiday gifts? Three out of ten shoppers started this past holiday season still carrying debt from the prior year. If this is an issue, you have time to address this issue and then plan for next year’s holiday season:
The most important part of the holidays is spending time with family and friends, and the gift of your presence is more important than any gift you buy.
Beth Carroll is a CPA and a daily money manager. Her company, Cornerstone Money Management, LLC, helps seniors in their homes with billpay, financial organization and cash flow management. You may reach her at firstname.lastname@example.org or 401-323-4895.