martedì 28 gennaio 2014

Top Money Resolutions for 2014

Money Magazine recently shared the top five money resolutions people have for 2014 as follows: 1. Simplify my finances 2. Save more for retirement 3. Pay down debt 4. Donate more to charity 5. Create and stick to a budget Here’s where I stand on these:I have been working on simplifying my finances for the past few years, namely reducing the number of investment accounts, credit cards, banks, etc. that I do business with. So I’m pretty set in this area. I have recently updated my retirement plan numbers and have a goal I want to save for 2014. It’s a good-sized goal, but I think I can beat it. I have been debt free for almost 20 years now and I don’t plan on taking on debt at this point. I have …

via Free Money Finance:

Money Magazine recently shared the top five money resolutions people have for 2014 as follows:

1. Simplify my finances

2. Save more for retirement

3. Pay down debt

4. Donate more to charity

5. Create and stick to a budget

Here’s where I stand on these:

I have been working on simplifying my finances for the past few years, namely reducing the number of investment accounts, credit cards, banks, etc. that I do business with. So I’m pretty set in this area.

I have recently updated my retirement plan numbers and have a goal I want to save for 2014. It’s a good-sized goal, but I think I can beat it.

I have been debt free for almost 20 years now and I don’t plan on taking on debt at this point.

I have an annual budgeted amount both for giving to my church and outside charitable giving as well.

I haven’t had a budget in years, but this year I’m planning on making one, just to see how much potential retirement savings I can squeeze out of a year.

In addition to the above, here are other financial plans I have for 2014: