YOUR FINANCIAL SOLUTION

Putting together a list of financial resolutions is a great way to start off the year! Stick to these guidelines, provided by ACCC, for the rest of 2008 so that you can keep in good financial standing.

1) Get Back on Track! Put mistakes from the past behind you, but learn from them. It’s time to move forward with an effective plan for 08′ that will keep you out of financial trouble.

2) Set Specific Goals. What are your financial intentions for 2008? Increase your savings and cutback on spending - by how much? Having a target will give you guidance for obtaining these goals.

3) Be Honest with Yourself. Take a close look at each goal and truthfully decide if it is something you can and will accomplish. Use math to determine if your financial goals are even statistically possible.

4) Have a Plan. Plan out how you will reach your goals when you make them. Home-cooked meals and a strict cash budget will save you a bundle. Keeping records of what you spend will help you determine where you can cutback spending.

5) One Step at a Time. Don’t be overwhelmed by outstanding balances. Start by paying off the debt with the highest interest, and make minimum payments on the rest.

6) Reward Yourself! Staying on a strict budget isn’t easy. Develop a reward system for when you’ve reached a milestone on the way to achieving your goals. Treat yourself to a small celebration.

Happy Financial New Year

ABOUT ACCC: American Consumer Credit Counseling (ACCC) is a non-profit 501 (c) (3) organization dedicated to empowering consumers to regain control of their lives through education, counseling and debt management. ACCC provides individuals with practical solutions for solving financial problems and recognizes that consumers’ financial difficulties are often not the result of poor spending habits, but more frequently from extenuating circumstances beyond their control. As one of the nation’s leading providers of financial education and credit counseling services, ACCC works with consumers to help them with the best plan of action to reduce their debt and regain financial stability. For more information or to access free financial education resources log on to http://www.consumercredit.com

By Justin Garland

This entry was posted on Tuesday, December 25th, 2007 at 12:00 am and is filed under Advice . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.