Merrick Bank Financial Resolutions

New Year’s Resolutions You Can Keep

 

With the fresh start promise of a New Year, many resolutions include things like improving your health or addressing an ongoing challenge or issue. If you have issues with things like budgeting or cutting costs, there are many steps you can take that can quickly support your resolution. Of course, change doesn’t happen overnight, but taking one step at a time toward small improvements, you can begin to establish new habits that can help you budget and save money.

 

Set a reasonable budget and work your way up
First, you need to know what you’re spending and where you’re spending it. Write it down or if you’d rather, work in a spreadsheet. Either way, spend time studying and understanding at a very basic level what is coming in and what is going out every month. Managing budgets can be daunting, but not managing them can be devastating — Hit yours straight on.

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Create a Holiday Spending Budget to Help Ensure a Happier New Year

Holiday Spending Budget

The holiday season can often be stressful for people who become overwhelmed by shopping and preparation. And for many, it results in financial worries when the time comes to pay the bills. However, with some planning and discipline, the holiday season, and the bills that come afterward, can be more manageable and less overwhelming. But to achieve this, you need to start with the “B” word — budget.

Decide how much you can spend and from where the money will come

Websites like http://frugalliving.about.com offer free, downloadable documents, like the Holiday Gift Spending Worksheet, that you can use as a basis for your holiday shopping budget. Your first step is to settle on a total dollar amount that you can afford. Don’t plan to put all your holiday expenses on a credit card, or you could end up facing financial challenges come January.

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