For a lot of folks, losing weight is at the top of their New Year's Resolution list. I'm pretty sure I could stand to lose a few pounds myself, but I recently told my husband that after the New Year, I wanted to sit down with him and take a hard look at our finances.
We are doing OK, no troubles (not to worry!), but in the craziness of life, sitting down for an hour and going over finances doesn't sound like as much fun as playing the Xbox One.
Still, it is important to at least look over your finances once a year and make some adjustments. For some, perhaps the new year brings a cost of living adjustment or a raise.... or a little less in your paycheck because of a hike in your health insurance payments. Either way, taking a hard look at where your money is going and how you can make adjustments to keep things at an even keel or even get your head a little more above water is very important.
The finance discussion should also include goal setting. Do you plan to take a vacation this year and how much will it cost? What do you need to do to save up for a week in the sand and sun? Will you be trading a car payment for payments on braces? (This is a distinct possibility for us).
Related topics to consider as you plan how to spend your money in 2015
More on Growing an Escrow Account for Bills That Aren't Monthly
Strategies for Building up An Emergency Fund
Negotiating your Bills -- Don't be shy, ask for a discount