Skip to main content
  1. News
  2. Business & Finance
  3. Personal Finance

Making 2014 money resolutions stick

See also

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.

Advertisement

News

  • Mt. Everest avalanche
    Disaster strikes Mt. Everest as at least 12 people were killed in an avalanche
    Video
    Watch Video
  • Most Earthlike planet discovered
    The Kepler telescope has discovered the most Earthlike, possibly habitable planet yet
    Space News
  • Easter crosses create debate
    Easter crosses spark a debate of separation of church and state in Ohio
    Headlines
  • Chelsea Clinton is preggers
    Former first daughter Chelsea Clinton is pregnant with her first child
    Headlines
  • Stanley Cup playoffs
    The battle for Lord Stanley's Cup is on, don't miss a minute of playoff action
    Sports
  • Ukraine discussed amongst U.S., E.U., Russia
    The U.S., E.U. and Russia agree on ways to diffuse the tension in Ukraine
    Video
    Watch Video

Related Videos:

  • What Basel III bank liquity ratios may mean for you
    <div class="video-info" data-id="517632463" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=517632463&autoStart=true"></div>
  • Michaels Stores confirms payment card breach occurred in 2013
    <div class="video-info" data-id="518099874" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518099874&autoStart=true"></div>
  • April 15, tax day
    <div class="video-info" data-id="518196511" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518196511&autoStart=true"></div>

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!