The New Year is quickly approaching, isn’t it? It’s as if the New Year just happened. One of the biggest things people want to change in the New Year is how they spend their money. Check out these 10 New Year Resolutions that save money.
10 New Year Resolutions That Save Money
- Making a List for Groceries- Before you head into that grocery store for groceries, make a list of what you need. If you go in there without a list, you’re bound to spend money that goes beyond your budget.
- Using Cash Instead of a Credit Card- Cash is literally the only way to keep a hold on your spending, unless you have super mad restraint skills. It’s so easy to spend money when you know you have it in the bank.
- Creating a Budget and Sticking with It- Budgets are made for utilizing. It does no good to make a budget and not stick with it. Your best bet is to make a realistic budget and stick with it this New Year.
- Give Yourself an Allowance- You know you’re going to spend money at some point, it’s just a matter of giving yourself room in the budget. Giving yourself an allowance is one New Year’s resolution that will save you money!
- Communicate with Your Spouse About Expenses- When the New Year rolls around, don’t be afraid to communicate with your spouse about expenses. A lot of couples get into trouble because they do not communicate with each other. Actually talking about what you plan on spending in the near future can help you save money and an argument.
- Keep Track of When Bills Are Due- It happens to the best of people. You have bills, but the due dates get confused or forgotten about. If you write those bills on your calendar, you’re going to save money this year. Make it a resolution this year to keep track of when your bills are due.
- Look at Your Budget Monthly- Budgets are something that need changes often. Make it a resolution this year to look at your budget at least on a monthly basis. A monthly budget is great because you can adjust as you need to.
- Keep a Buffer in Your Checking Account- A major issue with banks is that they don’t care how much money you have in the bank. If you don’t watch penny for penny, you may wind up getting an overdraft fee. Make it a point this year to keep a buffer in your checking account to make up for mistakes that could be costly.
- Over-plan for Expenses, Don’t Under-plan- It’s always best to over-plan for something, make it a resolution this year. If you will need tires soon, but you’re not sure when, start planning now! Start planning for Christmas, birthdays, and any other expense that may come your way. It’s best to be prepared rather than shocked when something costly occurs.
- Don’t be materialistic- Every time you look at something you think you want; you’re only going to be more broke. Think through each purchase before you make it. Wanting more stuff won’t save you money, it will only help you spend it.
Do you have any New Year resolutions that will save you money this year? I’d love to hear all about them.
