That New Year’s resolution to get your finances in order in 2013 may have already broken down, but don’t despair. Here are some ideas for getting and staying on track with money.
• 50 ways to leave poverty. Could there really be 50 ways to improve your finances in 2013? Yes – at least, according to this article posted at U.S. News.
One important way is to know that bruised retailers are agreeing to match lower online prices in order to keep sales. Some of the ideas are tough.
“Save a quarter of your income” strikes us as asking for a lot of discipline. And there’s a warning to prepare to make less money after age 40, when some surveys say incomes tend to peak. Ouch.
• Don’t spend that raise. Let’s say you are lucky enough to get a raise this year. That will improve your finances right away, correct?
Not necessarily. The tendency is to increase spending as income rises.
Simple Family Finances calls resisting that tendency “the absolute simplest trick to improve your finances in 2013.” The site is dedicated to helping individuals of virtually any income achieve financial freedom.
• Overnight fixes. The young-adult site Under 30 Finance lists 10 ways to improve your finances “overnight.”
It’s a list with ideas largely for people prone to impulse buying: Learn to cook rather than eat out all the time; recruit an “accountabilibuddy” to share the novelty of saving money, and unsubscribe from all those daily-deal email services.
• For an older set. A site for those farther up the age ladder, 50 Plus Finance, says upgrading your financial situation in the coming year should involve pretty much the same strategies as the younger crowd was encouraged to adopt above, including more home cooking. Setting long-term goals and creating an emergency fund are also on the list.
See a detailed outline for keeping to a resolution on improving your personal finances at About.com’s Frugal Living section, which has links on how to spend less on cellphones, dental care, haircuts and many other expenditures.