You’ve heard it before: Resolutions are for quitters. So as not to burden yourself with a list of useless ads about not spending money in 2014.
You are not likely to keep them anyway, according to the University of Scranton, which found that 45% of Americans who make New Year’s resolutions, just 8% achieved in reality.
Instead, adopting small habits that may not necessarily help you lose weight, learn Mandarin or get organized, but, with little to no effort, will fatten your bank account. Here are some of the best tips to make money in 2014:
Track your Spending – It’s easy if somewhat daunting to take notes on your smartphone or tablet every time you put gas in the car or stop for a coffee, but if you do, you will be amazed at how quickly money can slip out of your hands. There are sites that can be transformed to a request for help, such as Mint.com, Quicken or Geezeo, that will do the math for you. Most banks offer services and budgeting by tracking such sites as well.
Once you really see where the cash – and credit card transactions – going, and it will be easier for you to identify and cut wasteful spending.
Cash balance, Cash out – Now that you see where the money is going, draw it against others of your expenses. We were talking about everything from housing, food and clothing for manicures, dining out and get current movie and pedicures. It’s very simple to calculate if you spend more than you do. Now you can see just how, where and why you’re doing it. Recognition of the problem is the first step to solving them.
Be realistic – If you absolutely do not see yourself brewing your own coffee every day – despite nearly $2,400 in annual savings – reducing stops Java ‘s once a day, instead of twice, or to a cafe less expensive.
Do the same with the savings and debt repayment. Socking away $50 for the week is easier psychologically than $200 a month, although the result is the same. Repayment of the amount of 2,500 credit card bill can be done in $500 increments.
Automate everything – Raise your hand if you promised yourself that you transfer money from one account to a savings account and, sorry, I forgot only. Or planned to push the law in a timely manner, but this decline also your mind. Automating those duties until you do not end up making excuses when they do not get it yourself.
We aim to be lower fees – Interest charges, late fees, and ATM withdrawal fees, and fee checking account – heck, any banking fees can be avoided by choosing the institutions and the right financial products, and automate the payment of bills. If you’re lousy at achieving a balance between your accounts and do not have a cushion to cover the expense of you, make sure that you have overdraft protection on your accounts.
Cut the cord – Cable TV can be expensive and there are a number of ways you can cut the cord without missing out on the “home” or replays of “Breaking Bad,” although live sports can be an issue. But you do not even have to give up the cable to lower bills. Cable companies, which are losing customers to the likes of Hulu and Rocco, are willing to negotiate in order to retain customers. Just take the time to call them, or send them a tweet.
Negotiate other bills – Follow the example of the cable and make some calls to rework the other tabs such as the monthly interest rate credit cards, auto and home insurance costs, and even cell phone bills.
There are untapped opportunities for new offers and discounts are available. And if they can not cut some of your costs, you may get more bells and whistles, which makes the dollars spent on better value. Check out promotions very competitive provider and ask for commensurate with the price.
And an extra bonus, if you can reduce the interest rates on bills your credit cards, you can get out of debt that much faster. This is assuming, of course, not running up bills as you pay.
Rethink 2013 offers – There are probably a few of the ” free trial ” or “0 % interest rate for one year ” offers you snatched in 2012 and 2013, which now has lost its luster. You can find other promotion, such as credit card and transfer your balance or make sure you’re not going to carry a balance month to month since 0% is probably now about 15% or higher.
Improve your Health – Every year, losing weight takes the top spot on the list of most New Year’s America, and followed by promises to quit smoking or drinking too much. It’s no wonder, considering that not only can improve your disposition and physical well-being, it will make an impression on your wallet.
It also does not speak to that a large part of the money, estimated at more than $ 3600 per year for the smoked one pack a day, you have to put in your pocket.
Find ways to stay motivated. Develop a plan to cut spending and saving money is easier said than done, so it’s important to make yourself accountable. Start by telling your family and friends what your goals are and ask them to help you keep it up. Heck, announce it for the fans on Facebook and Twitter and Instagram crowd sources of encouragement. There’s nothing like an excellent or a smiley face to keep you going.