Can you believe 2017’s already a month old?! The more days go by, the easier it is to slide right back into last year’s habits, despite our best intentions. But resolutions don’t have to fall by the wayside, and the still new-ish year is the perfect time to get your wallet in order, so to speak.
If what flies out runs a little too close to what comes in, a mini audit of personal spending might be just the thing to start paving a path to greater financial stability.
We might not think about monetary wellness as part of overall health, but it’s an important type of fitness you can achieve, practically no sweat.
Tracking expenses to really see what you’re spending, and where, is an easy and crucial first step. Start by recording all your spending for a month. Do it the old-fashioned way, by saving receipts, or download Spending Tracker, Mint or any app that lets you log every penny going toward drinks, snacks, movie tickets – anything and everything, really.
Once you’ve recorded 30 days’ spending, you’ll have a clearer picture of where your money’s going. Surprised you spent $120 on morning coffees? Seeing that number can be more of an eye-opener than all those cups of joe you purchased!
But by getting familiar with where your money’s going, you’ll have an easier time keeping that hard-earned cash in your pocket or piggy bank.
Something as simple as making a resolution, and sticking with it, can really help your bottom line, and never more so than now. By visiting University of Vermont Health Network’s Resolution Generator and committing to the resolution of your choice, you’re eligible to win a $100 Visa gift card.
What better way to start turning things around?!
Commit to paving a smoother path to your financial future this year. Lao Tzu might cringe, but you could say the journey of a thousand bucks starts with a single Hamilton.