1/9: Keeping your financial New Year's resolutions - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

1/9: Keeping your financial New Year's resolutions

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Eau Claire (R.W. Baird & Co.) -- Did you make a new year's resolution to save money, or better your financial standing? Well we've got some tips to help you keep them.

What are some suggestions on how to achieve financial resolutions that people may have set for 2018?

  • Pick specific ways to save more and spend less.
  • Pay yourself first.
  • Set a budget
  • Expect the unexpected

What is the best way to tackle debt?

  • Commit to a plan to pay it down.
  • Pay off highest interest first.
  • Pay extra.
  • Use cash going forward.

Any housekeeping ideas?

  • Review your estate planning documents.
  • Wills & POA's update to date?
  • Review beneficiaries on life insurance and retirement accounts.

No matter what your resolution is, have an accountability partner, and evaluate your progress on a regular basis.
 

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