A new year brings a chance to start fresh with just about anything. If your midnight toast includes a resolution to improve your financial health and organize your finances, here’s how to make it happen.
Get on a budget
To get ahead, it’s important to know where you stand and to create a plan with realistic goals such as a comfortable retirement, education and home ownership. Budgeting may sound old-school, but it’s still one of the best ways to accomplish this. Start by totaling your income and subtracting your monthly expenses for a quick financial snapshot. Then set goals, reduce unnecessary spending and, if the situation calls for it, explore ways to increase your income.