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Making 2014 money resolutions stick

Resolutions are much easier to make than they are to keep. Financial resolutions will oftentimes fall apart in the first quarter. It takes more than a good plan to make a permanent change; you will have to stick with it through thick and thin. The two main ingredients to make your money work for you starts with a budget and money set aside to help with unexpected costs.

Build up a savings account to use instead of accruing additional debt. You have to get your debt in check before considering investing in retirement, college educations, buying a new home or other large priced purchases. Take a look at your credit card debt and scale it back. If you have used a safe payday lender, that debt gets top priority for full payment. Once you have cleared the extra costs from your budget, saving money will be that much easier.

Don't look at large purchases until you have done your homework. Do your due diligence when shopping for a new home, car or boat. It isn't just about the bottom line cost on the sale contract. Buyers must understand additional costs when it comes to affordability. How much are the taxes, insurance and maintenance? Don't fail your budget by not planning for the upkeep of your new purchase. Shop around for knowledgeable real estate agents and salesmen with a good clean track record.

Always set goals that support your long-term plan. Make short-term, mid-range and long-term goals to keep your finances accountable along the way. Don't stray from the plan. A built-in emergency account will help keep long-term unnecessary debt off your plate. Short-term goals will keep your budget on track over the next few months and mid-range plans give the budget purpose. Make your money resolutions successful in 2014.

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