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.

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.

New year’s debt resolution: Introduction

New Year’s resolutions are hard to keep and new year’s debt resolution is no different. OK, so first, Happy New Year 2017. And maybe more importantly, the world didn’t end with Donald Trump’s election! Now because it’s the new year we know exactly what’s going to happen. People are going to go and make promises that they won’t keep. Get more fit, lose weight, start a business, have better relationships with family and friends, make more money, budget better and of course, pay off debt.

New Year’s debt resolution: How successful are we at keeping new year’s resolutions?

According to Wikipedia, the success rate for New Year’s resolutions is about 12%, which means that there has to be something wrong with our resolving, right? How often do you discover people you know resolving to do a whole range of things, like write a song, read 100 novels or go to the gym twice a week?

All of that is really hard. I mean, our hearts are in the best place, but it requires self-discipline, and periods of prolonged firmness. And willpower, much like those flabby muscles, requires an effort. Psychologist Roy Baumeister writes in “Willpower” that those bad at resolving should mention, “put the blame where it belongs, on the list.” Instead of resolving to learn to master the guitar, quit smoking, lose weight and climb all the mountains, just choose one. Start small-time and end large-scale.

New year’s debt resolution: 3 simple steps to meet success

3 Simple-minded tips for starting the new year right. It’s the start of a brand new year. It really is the start where people reevaluate their lives in originating resolutions to change for the better. So in the spirit of self-improvement why not widen this to your personal business.

Now are three improbably simple-minded tips that do really that:

1. Monitor your business. If you don’t already keep watch over your funds now’s the time to get started.

2. Prevent wasteful spending by creating a simple budget; and follow it! You can download our debt management spreadsheet for free at the bottom of this blog.

3. To jump-start your financial year it’s not a bad idea to get a good look at your credit report. Get any errors fixed and see what you need to do to improve your credit score. To get a copy of your credit report, you can get access to it through one of the two credit bureaus’s; Equifax or TransUnion.

New year’s debt resolution: We can help you make success

Whether you have just one year or several years of new year debt resolutions outstanding, it still needs to be dealt with. To deal with debt you need the help of a debt professional – a trustee. Dealing with debt is not something that you can put off any longer. Start the New Year off right by calling Ira Smith Trustee & Receiver Inc. today and make an appointment for a free, no obligation consultation. We can give you back peace of mind and put you on the road to stress free living Starting Over, Starting Now.

New Year’s Debt Resolution

new year's debt resolution, new year's resolution debt

financial resolutions worth keeping