2018 is a thing of the past! It’s 2019, a new year full of new opportunities and chances to better ourselves! Resolutions are great ways to set goals. From eating healthy to reading more, resolutions come in all shapes and sizes. Zebit cares about your financial wellbeing, so here are a few financial resolutions that you can make this year.
Save for Retirement
Yeah, we know. Your retirement is so far off, you’ll worry about it later. Well, we have some news for you, it just got another year closer and you really shouldn’t be putting it off. 2019 is a great year to start putting some of your money towards retirement. Your future self will thank you. It’s surprisingly simple to save for retirement either through your employer’s 401(k) or by opening a IRA account on your own. Open an account this year and start saving for the future!
Set a Goal and Sell Some Clutter
This is a “two birds, one stone” kind of resolution. Start by gathering some of that old, unused stuff that is laying around your house, and sell it to make some extra cash! You could even put it towards that new retirement account you opened. The goal can be any amount, but it’s important to set an obtainable goal; you’re not going to earn millions from selling your old knick-knacks (unless you’ve got some sweet knick-knacks). Try telling yourself you would like to earn $300 over the course of the year by selling items that, if you’re honest, you don’t really use anymore.
Be Smart about Bank Fees
When is the last time you evaluated your bank? Many banks charge a large amount of fees throughout the year. They may not seem like much, but over time they can really add up. Check out some alternatives to the big banks out there that don’t charge you for being a customer. Chime is a bank that doesn’t charge overdraft fees, service fees, or even transfer fees. There also isn’t any impact to your credit score to open an account. Manage your money through an app (no long bank lines) and get access to over 38,000 fee-free ATMs. They even have an automatic saving feature that helps you build your savings account. When you set up Direct Deposit, you can even receive your paycheck up to 2 days earlier than your coworkers1. Learn more here.
Set a Budget
We talked about it in 2018, but we know not everyone listened or some of you selectively forgot. A budget is the backbone of financial independence and is the key to turning your finances around, making it one of the best financial resolutions you can have as we begin 2019. If you need help setting up your budget take a look back at our “Spring Clean Your Budget” blog or our “Mid-Year Budget Check-In” blog for tips.
What are some of your personal financial resolutions that you’d like to share? Write them down to remind yourself often, then share with us here! We hope that you had a great 2018 and wish for an even better 2019!
1 Faster access to funds is based on a comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct Deposit and earlier availability of funds are subject to payer’s support of the feature and timing of payer’s funding.