Money Saving New Year’s Resolutions

Elizabeth Hoyt

Fastweb

January 05, 2014

It’s 2014 – the year of the horse has arrived!

In the Chinese zodiac, the spirit of the horse represents a constant effort to better oneself, which means that this year could not be more perfect to spend focusing on your education and, of course, a way to pay for it!

Here are some suggestions of resolutions you can take on this year to improve your financial situation:

Avoid Credit Card Debt –

Credit cards can seem like a simple solution for the present, however, piling on debt to deal with later is not a solution.

As enticing as any credit card’s rates may seem, interest accumulates rapidly and paying off the minimum payment is not a solution.

If you do have a credit card, only spend what you actually have. That way, you will improve your credit score and never carry a balance.

Save More –

It sounds simpler than it is. Saving is difficult, but if you decide to save a certain portion of your paycheck, it can be easier if you arrange for automatic deposit of that portion into a savings account.

Eventually, you will get used to your adjusted paycheck and will not even think about the amount that’s gone into your savings.

Apply for Scholarships –

Scholarships are basically like free money for school and the more you apply for, the better your chances are of winning. Stay diligent – it’s not easy to win a scholarship and you likely won’t win one on your first try.

This year, resolve to apply for a certain number of scholarships weekly. Maximizing your chances can take you from a scholarship applicant to ascholarship winner this year.

Just Say No –

If you can’t afford to go out, stay home. It’s that easy! You must be realistic – if you can’t afford to dine out, go out or whatever it is – why not entertain on a budget?

Go in on a cooking dinner with friends (groceries are much less expensive than eating out), playing games at home or find other budget-friendly ways to have fun. Remember, you can say no to going out and spending money without sacrificing fun!

Elizabeth Hoyt

January 05, 2014

It’s 2014 – the year of the horse has arrived!

In the Chinese zodiac, the spirit of the horse represents a constant effort to better oneself, which means that this year could not be more perfect to spend focusing on your education and, of course, a way to pay for it!

Here are some suggestions of resolutions you can take on this year to improve your financial situation:

Avoid Credit Card Debt –

Credit cards can seem like a simple solution for the present, however, piling on debt to deal with later is not a solution.

As enticing as any credit card’s rates may seem, interest accumulates rapidly and paying off the minimum payment is not a solution.

If you do have a credit card, only spend what you actually have. That way, you will improve your credit score and never carry a balance.

Save More –

It sounds simpler than it is. Saving is difficult, but if you decide to save a certain portion of your paycheck, it can be easier if you arrange for automatic deposit of that portion into a savings account.

Eventually, you will get used to your adjusted paycheck and will not even think about the amount that’s gone into your savings.

Apply for Scholarships –

Scholarships are basically like free money for school and the more you apply for, the better your chances are of winning. Stay diligent – it’s not easy to win a scholarship and you likely won’t win one on your first try.

This year, resolve to apply for a certain number of scholarships weekly. Maximizing your chances can take you from a scholarship applicant to ascholarship winner this year.

Just Say No –

If you can’t afford to go out, stay home. It’s that easy! You must be realistic – if you can’t afford to dine out, go out or whatever it is – why not entertain on a budget?

Go in on a cooking dinner with friends (groceries are much less expensive than eating out), playing games at home or find other budget-friendly ways to have fun. Remember, you can say no to going out and spending money without sacrificing fun!

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