Top 5 New Year Resolutions - to save money

1. Stick to a budget:
• Adjust the budget for recent lifestyle changes.
• Monitor every expense in Excel.
• Prepare a Profit and Loss statement every month.
2. Set an annual savings goal.
• Set a realistic goal.
• Aggressively save to reach the goal before the end of the year.
3. Avoid any type of late fees:
• Renew the library books before they are due.
• Return the rental DVD or game.
4. Increase the total savings rate on gross income:
• Increase 401K contributions by 5%.
• Automatically save any bonus by paying down mortgage.
5. Monitor FICO score more often:
• Sign up for free credit monitoring services.
• Take advantage of free annual credit reports.