January is Financial Wellness Month. Financial wellness can mean many things, depending on the person in question. For those starting in life, it means building a strategy; for those who’ve been at it for a while, it means maintaining the tried-and-true strategy. Regardless of where you find yourself on the journey, there are manageable steps you can take now to improve the health of your wealth. Here are Ten Financial Resolutions for making healthy financial decisions this year: 1. Add one month's pay to your emergency fund. 2. Make one extra payment on your mortgage. 3. Control impulse spending. 4. Get better at tracking expenses. 5. Make a budget. 6. Put more money in your retirement account. 7. Save one spouse's salary. 8. Periodically reward yourself. 9. Monitor your credit. 10. Support a charity you are passionate about. You may choose one or two of these ideas to begin with. Even adopting one new strategy is a decision to make your financial wellness a priority. |
This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm.