Three "Simple" New Years Financial Resolutions

2008 is almost here. Most people will make at least on New Years Resolution and like most people the resolution will not be kept very long. I want to suggest a few Financial Resolutions that will be easy to keep and will bring you closer to Financial Freedom by this time next year.

1. Save something each paycheck. You have to make savings a priority and do it consistently. The hardest thing about saving money is getting into the habit. This year, try saving just $10 or $20 from each paycheck in a high yield savings account. I use Amtrust Direct. It's currently paying 5.11% To make this easier, have the money automatically deducted from your paycheck so you never see it. Most people can easily come up with a small amount to save each pay period just by sacrificing one lunch or dinner out.
   
   
2. Learn something about finance. It doesn’t matter what you choose to learn, but take the time to learn one new thing about personal finance. One of the best ways to learn is to take Financial Peace University. (This Sunday is the last day to sign up for Jan 15th class at NewPointe.) If you can't take the FPU class right now, you can get books from the library, read personal finance or business magazines and newspapers, or read finance articles on the web. (Yahoo finance)
   
   
3. Attack one debt. Just one. Whether it’s a student loan, a credit card, or a car loan, vow to pay off just one debt this year (and then don’t replace it with another debt). The satisfaction you’ll get from paying off that one thing will probably push you to pay off more. But even if it doesn’t, you’ve still kept your resolution because you paid off one debt. That’s one more debt you won’t be carrying next year.
   

All three of these Resolutions are easy to do and I hope you will do them all. Happy New Year and heres to your Financial Freedom!