News Business Top 11 financial resolutions for 2014

Top 11 financial resolutions for 2014

New Delhi: The two most common New Year's resolutions involve health and financial goals. A record 54% of Americans say they will make financial resolutions for 2014, according to the Fidelity New Year Financial Resolutions

“I'll boost my savings considerably”

Look towards your savings-inclined future. Take one single small step, and never quit focusing on the smaller things until your bank balance increases in a healthy way. Set a goal, as the feeling of saving toward something can feel very motivating. Remember, as soon as your paycheck arrives, it's time to save. You have to automate your savings because if you wait until the end of the month and try to save what's left, there's typically nothing left over. You can also pay yourself first when unexpected cash flows into your savings account. Also, look to jump-start a savings plan with tax refunds or year-end bonuses. The most important aspect regarding savings is that you got to hold yourself accountable first. If you overspend one month, it will impact your progress toward your goal.



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