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    5 Financial Resolutions for 2015

    Many people like to start the new year off with some resolutions to better their lives, whether it’s to lose some weight or to reach a certain goal by the year’s end. We’ve compiled a list of financial resolutions, useful no matter what stage of life you’re in.

    • Prioritize your debts. Arrange your liabilities according to their interest rates and pay off those with the highest rates first.
    • Clean up your accounts. Close any unnecessary accounts to avoid extraneous fees. To force savings, enroll in a plan that automatically withdraws from your checking account on a regular basis.
    • Save your change. Try to only spend whole dollar amounts when paying in cash, then put your change in a jar or jug and forget about it. By the end of the year, you’re likely to have hundreds saved up.
    • Start using personal finance software. Use a program like Quicken to track your spending over the course of a month. You’ll be shocked at how much you spend on seemingly arbitrary things like your morning coffee.
    • Plan for retirement. If you’ve already started contributing to a pension, try to increase your contributions this year. The earlier you start planning for it, the better.

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