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...By Anthony Buono
One of the most common New Year’s Resolutions, other than health and fitness, is financial. It is the New Year, and one of your resolutions may be to get out of debt or at least decrease your debt. Many Americans overspent during the holidays, as this is a holiday tradition in many American households. In fact, Finance or budget is the topic of a goal most people make. Some want to reach a certain target like making their first million; others make the resolution to get out of the debt trap, or others want to make a sound financial plan so that their earning matches the spending.
But it can be really difficult to stick to a budget, or a resolution. Try hard to stick to your New Year’s Resolution in 2011. Do something different this year so you will follow through on your resolutions. Resolve to write down your resolutions, resolve to review them to see how you are doing, and resolve to not spend money at the next store sale. Do not make excuses to spend money unnecessarily, and always put your budget in a place where you will see it often. Perhaps give yourself a weekly allowance, and do not exceed that amount.
Keep in mind, "A fool and his money are easily parted." --Proverb
