Real Estate Today: Setting Financial Resolutions and Keeping Them

Regardless of your financial situation, you are likely to benefit from making some improvements. Here are a few resolutions to help you grow your financial health this year.

Know What You Are Working With

Calculate your net worth. In fact, you should make it a habit every year. Assess your assets and liabilities and prioritize your goals accordingly.

Reset Your Investments

Seek opportunities to boost your retirement savings. Max out your contributions by setting a strict spending budget.

Practice the 50-20-30 Rule

Allocate 50% of your income to essentials, 20% to savings, and 30% to discretionary, non-essential spending.

Give Yourself Some Credit

Reduce your debt by paying down your credit cards. Determine if paying off a high-interest balance is more beneficial than putting that money towards savings instead.

Maintenance is Key

Realistic expectations and persistence are necessary for achieving financial success. Document your advancements so you can get a head start for the year ahead.