Money Saving New Year's Resolutions
The New Year is a perfect chance to resolve to save money for your education.
January 05, 2014
It’s 2014 – the year of the horse has arrived!
In the Chinese zodiac, the spirit of the horse represents a constant effort to better oneself, which means that this year could not be more perfect to spend focusing on your education and, of course, a way to pay for it!
Here are some suggestions of resolutions you can take on this year to improve your financial situation:
Avoid Credit Card Debt –
Credit cards can seem like a simple solution for the present, however, piling on debt to deal with later is not a solution.
As enticing as any credit card’s rates may seem, interest accumulates rapidly and paying off the minimum payment is not a solution.
If you do have a credit card, only spend what you actually have. That way, you will improve your credit score and never carry a balance.
Save More –
It sounds simpler than it is. Saving is difficult, but if you decide to save a certain portion of your paycheck, it can be easier if you arrange for automatic deposit of that portion into a savings account.
Eventually, you will get used to your adjusted paycheck and will not even think about the amount that’s gone into your savings.
Apply for Scholarships –
Scholarships are basically like free money for school and the more you apply for, the better your chances are of winning. Stay diligent – it’s not easy to win a scholarship and you likely won’t win one on your first try.
Just Say No –
If you can’t afford to go out, stay home. It’s that easy! You must be realistic – if you can’t afford to dine out, go out or whatever it is – why not entertain on a budget?
Go in on a cooking dinner with friends (groceries are much less expensive than eating out), playing games at home or find other budget-friendly ways to have fun. Remember, you can say no to going out and spending money without sacrificing fun!