Start 2017 With These Financial Tips!
It's a new year, new you, and new resolutions. Here's three tips to help make 2017 a prosperous year.
Pay off high-interest credit card debt
If you have credit card debt you probably hear this every year and probably at least once a month. With interest rate hikes, this has become even more important. If you are taking advantage of any 0% APR deals, make sure you pay those off before they expire. Many people use these for gift shopping so this is the time to pay them off!
Establish an emergency fund
Financial emergencies happen! According to a Bankrate survey, 4 out of 10 people said they, or an immediate family member, experienced a major expense in 2015. Setting aside an emergency fund can be difficult. Over 60% of American don't have enough saved to cover even a $500 financial setback.
In 2017, make this emergency fund a priority! Saving only $3 / day will result in over $1000 in your bank by the end of this year! Think about what $5, $6, or even $7 per day would do for you.
Boost retirement savings
Start pulling money out for retirement the day you get paid! Ask your employer if they offer a retirement plan or talk to a financial adviser about getting one set up. At that point set up your withdrawals from your account on the same day you get paid.
Hope these tips help you have a wonderful year!
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