financial resolutions worth keeping

Financial resolutions worth keeping: Happy New Year to all of our readers!

The new year is the season of making resolutions, but more often than not it is very difficult to keep new year’s resolutions. The most common resolution year over year is losing weight. How about if this year you vow to lose debt instead? The Ira Smith team can help you lose debt. We put together a list of 6 financial resolutions worth keeping that you should make this year if you’re serious about losing debt.

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Financial resolutions worth keeping: Our Ira Smith Trustee top 6 list

Stop wasting money: Have a hard look at your expenses – mobile plan(s), landline(s), car insurance, house insurance, cable TV, etc. Get rid of what you don’t need and make sure you’re getting the best deals possible for the services that you decide to keep.
Make a budget and stick to it: You may be shocked at what you’re actually spending and what those designer lattes are really costing you.
Use cash more and credit less: Get into the habit of shopping with cash. Take out the amount that you can afford to spend and don’t resort to using credit. This will put a stop to impulse shopping for things you don’t need and can’t afford even if they are great bargains. You can go broke saving money.
Don’t use high interest credit (like a credit card) to pay your bills: If you have to resort to credit cards to pay your bills, then it’s time to recognize that you are in serious financial difficulty and you need professional help, not more debt.
NEVER go to a payday loan company: Those commercials offering you money with bad credit or no credit can trap you in a never-ending cycle of debt with annual interest rates of up to 596% annually.
At the first sign of financial trouble contact a professional trustee: The sooner you seek help, the more options you’ll have. Managing debt is not a do-it-yourself project; it requires a professional.