New Years Resolutions that Will Make You Richer

New Years Resolutions Happy New Year, everyone!

Now that you’re settling in for all of the promise and opportunity that 2014 will bring, it’s a good time to take stock of those resolutions you set a mere week or so ago. If you’re already finding it difficult to keep up with your expectations of all the changes you plan to make this year, don’t fret–there’s still plenty of time to change up your plans.

And if you haven’t planned your resolutions around a certain theme or life change, what about focusing on new years resolutions that will make you richer?

With a bit of creativity and a careful look at the habits you have that cost you excess money, it’s not too difficult to find a few ways to trim the financial fat. Doing so will get you right on that path to debt reduction and/or a nicely padded bank account!

Improve Your Health

Quit smoking. Start exercising. Swap the junk for healthier snacks & meals. No matter what you do, there’s a direct improvement for both your waistline and your bank account when you commit to improving your health.

For each healthy change you make, boost the benefits of your good behavior by paying down more debt or increasing your savings by the amount of money you will no longer be spending. For instance, if you’re going to quit smoking, filter the money that you’d typically spend on cigarettes straight to your bank account.

Improve Your Finances

This one is a no-brainer. Besides fitness-related resolutions, improving finances is one of the most popular changes people add to their news years’ list. As you make your new financial goals, challenge yourself to be specific about how those resolutions can make you richer.

Perhaps it’s as simple as increasing your savings rate. Or perhaps it’s a bit more intricate and detailed such as getting a handle on your retirement investment strategies. As you’re choosing your various financial resolutions, consider a few of the following:

  • Max out your retirement contributions (or at least open and begin to fund an account!)
  • Educate yourself (add a few personal finances books to your Kindle list and apply what you learn)
  • Beef up your emergency fund
  • Get your debt in check
  • Increase your credit card rewards and perks by doing a bit of comparison shopping

 

Improve Your Overall Well-Being

As you make these great health and financial goals, don’t forget about enhancing your overall wellness. By incorporating additional wellness activities such as yoga, meditation, and “Me Time,” you’ll not only reduce your stress and improve your immunity, but you’ll also be more likely to be successful with your other goals.

What are you waiting for?! Get to work today to ensure that your tomorrow is one that you can be proud of.

What are some of your new years resolutions that will make you richer?

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Jen

Freelancer; reformed spendaholic; risk taker; adventure seeker; world traveler; rose smeller; debt destroyer. My mission is to inspire others to live a healthy, balanced life one cent at a time.

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New Years Resolutions that Will Make You Richer3 Commentshttp%3A%2F%2Fwww.thehappyhomeowner.net%2F2014%2F01%2Fnew-years-resolutions-will-make-richer.htmlNew+Years+Resolutions+that+Will+Make+You+Richer2014-01-10+16%3A44%3A46Jenhttp%3A%2F%2Fwww.thehappyhomeowner.net%2F%3Fp%3D3785

  1. One change to my health that I hope will improve my finances is getting to bed earlier. The point is to get more sleep and to get up earlier, so I can get work done while my family is still in bed. I've been good about getting into bed on time, but I'm reading a good book that's hard to put down, so I haven't gotten to sleep early yet! But I'm getting there … ;)
    My recent post 7 Ways Renters Can Reduce Heating Costs

  2. My resolution is to stay the course, which is no different from the previous year. We use low-cost passive index funds with an asset allocation that works for us. We use new money to keep our asset allocation in balance. And then like I said, stay the course.
    My recent post Water Conservation

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