By Marc Hebert
Isn’t it hard to believe that we’re at the beginning of 2016? With a new year comes new hope. The new year is a time when many of us in New Hampshire resolve to have a healthier lifestyle. We resolve to eat better, lose weight and exercise, which are all good things. My suggestion would be to add some financial resolutions to your list, as well. The following resolutions are intended to aid you in that endeavor.
The first step in gaining control of your financial life is to get yourself organized. This may include summarizing your recurring monthly bills, creating files for documents related to your taxes, insurance, mortgage, loans and other related paperwork, and planning future expenses. It’s also important to reconfirm or establish financial goals. Break your goals into short, one year or less; intermediate, three to five years; and long, more than five years. It is recommended that you allocate resources to all goals on an ongoing basis.
So how do you find resources to accomplish your goals? You create a budget. Few people take the time to create a budget, and fewer people actually use a budget after they’ve created one. Contrary to popular opinion, creating a budget is not difficult. More importantly, it will help you gain control of your expenses, your savings and planning for your future goals. There are many ways you can get help with your budget. I’d suggest looking online.
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