Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
What to Do NOW in Case of a Future Banking System Breakdown - 13th Nov 19
Why China is likely to remain the ‘world’s factory’ for some time to come - 13th Nov 19
Gold Price Breaks Down, Waving Good-bye to the 2019 Rally - 12th Nov 19
Fed Can't See the Bubbles Through the Lather - 12th Nov 19
Double 11 Record Sales Signal Strength of Chinese Consumption - 12th Nov 19
Welcome to the Zombie-land Of Oil, Gold and Stocks Investing – Part II - 12th Nov 19
Gold Retest Coming - 12th Nov 19
New Evidence Futures Markets Are Built for Manipulation - 12th Nov 19
Next 5 Year Future Proof Gaming PC Build Spec November 2019 - Ryzen 9 3900x, RTX 2080Ti... - 12th Nov 19
Gold and Silver - The Two Horsemen - 11th Nov 19
Towards a Diverging BRIC Future - 11th Nov 19
Welcome to the Zombie-land Of Stock Market Investing - 11th Nov 19
Illiquidity & Gold And Silver In The End Game - 11th Nov 19
Key Things You Need to Know When Starting a Business - 11th Nov 19
Stock Market Cycles Peaking - 11th Nov 19
Avoid Emotional Investing in Cryptocurrency - 11th Nov 19
Australian Lithium Mines NOT Viable at Current Prices - 10th Nov 19
The 10 Highest Paying Jobs In Oil & Gas - 10th Nov 19
World's Major Gold Miners Target Copper Porphyries - 10th Nov 19
AMAZON NOVEMBER 2019 BARGAIN PRICES - WD My Book 8TB External Drive for £126 - 10th Nov 19
Gold & Silver to Head Dramatically Higher, Mirroring Palladium - 9th Nov 19
How Do YOU Know the Direction of a Market's Larger Trend? - 9th Nov 19
BEST Amazon SMART Scale To Aid Weight Loss for Christmas 2019 - 9th Nov 19
Why Every Investor Should Invest in Water - 8th Nov 19
Wait… Was That a Bullish Silver Reversal? - 8th Nov 19
Gold, Silver and Copper The 3 Metallic Amigos and the Macro Message - 8th Nov 19
Is China locking up Indonesian Nickel? - 8th Nov 19
Where is the Top for Natural Gas? - 7th Nov 19
Why Fractional Shares Don’t Make Sense - 7th Nov 19
The Fed Is Chasing Its Own Tail; It Doesn’t Care What You Think - 7th Nov 19
China’s path from World’s Factory to World Market - 7th Nov 19
Where Is That Confounded Recession? - 7th Nov 19
FREE eBook - The Investment Strategy that could change your future - 7th Nov 19
Is There a Stock Market Breakout Ahead? - 6th Nov 19
These Indicators Aren’t Putting to an Economic Resurgence - 6th Nov 19
Understanding the Different Types of Travel Insurance - 6th Nov 19
The Biggest Gold Story Of 2020 - 6th Nov 19
Best Money Saving FREE Bonfire Night Fire Works Show Sheffield 2019 - 5th Nov 19
Is the Run on the US Dollar Due to Panic or Greed? - 5th Nov 19
Reasons Why Madrid Attracts Young Professionals - 5th Nov 19
Larger Bullish Move in USD/JPY May Just Be Getting Started - 5th Nov 19
Constructive Action in Gold & Silver Stocks - 5th Nov 19
The Boring Industry That Hands +500% Gains - 5th Nov 19
Stock Market Chartology vs Fundamentals - 4th Nov 19
The Fed’s Policy Is Like Swatting Flies with Nuclear Weapons - 4th Nov 19
Stock Market Warning: US Credit Delinquencies To Skyrocket In Q4 - 4th Nov 19
Stock Market Intermediate Topping Process Continues - 4th Nov 19
Stock Market $SPY Expanded Flat, Déjà Vu All Over Again - 4th Nov 19
How To Buy Gold For $3 An Ounce - 4th Nov 19

Market Oracle FREE Newsletter

How To Buy Gold For $3 An Ounce

Tips to Keep Your Finances Healthy in 2019 and Beyond

Personal_Finance / Money Management Jan 21, 2019 - 02:23 PM GMT

By: OutreachMama

Personal_Finance

With 2019 nearly a month old, many of us are right in the thick of our new year's resolutions. While there are a wide range of different new year’s resolutions, many have to do with saving more, spending less or other financial-related goals. In fact, a recent study found that 84% of polled individuals make money goals for the new year.


And with most people in the UK struggling with finances, it isn’t a coincidence that most people want to improve their finances. Unfortunately, many of the people that make these goals simply don’t stick with them. With that in mind, this article is going to provide a few helpful tips to help keep your finances healthy in 2019 and beyond. Whether it was a resolution of yours or not, we can all take steps to improve our finances this year.

Create a Budget

The first thing you can do to improve your finances in 2019 is to create and use a budget. A budget is a document or file that keeps track of how much money you have coming in and going out each month. You will know where each dollar is going and what percentage of your income is going where, which makes tracking much easier. While there are many software programs that can help you budget, many people just use an excel spreadsheet or a pen and paper.


Budgeting is the best way to get an overall look at your finances as a whole. Once you have been budgeting for a while, you will start to notice some trends. These trends will help you be able to make some decisions to improve your finances this year.

Decrease Spending and Increase Saving

Once your budget is in effect, you will very quickly begin to notice the areas that you are spending too much. Maybe you’re going out to eat too much, spending too much on cable or buying too many clothes. In order to reach your financial goals, you will need to decrease your spending in these areas that are not needs, but wants.

Once you reduce your spending, you should have some extra money kicking around each month. This money should immediately be put towards saving money if you have been lacking in the area. You should first try and get an emergency fund of a few month’s expenses taken care of. After that, you can start saving for retirement or other large purchases you need to make in the future. Of course, if you have expensive debt that you are behind on, you should use this excess cash to pay it down to make your debts more manageable.

Borrow Intelligently

While remaining debt-free in 2019 is a great goal to have, it is simply unrealistic for some people. Some will need to take out loans for a new vehicle, some will attend university and others may buy a home. But if you need to borrow money, you should borrow intelligently. This involves only taking out loans you can afford, with terms that work for your life.

In addition to only taking out loans you can afford, you should also re-evaluate the lenders you use. While local lenders are fine, you should consider looking online. In recent years, online lenders (such as www.bingoloans.co.uk/) have become increasingly popular. These lenders offer a fast and simple application process, and can often give better interest rates as well. While local lenders in your area are likely good as well, online lenders should definitely be considered.

Following the tips included in this article can help you keep your finances in good standing through 2019 and beyond.

By OutreachMama

© 2018 Copyright OutreachMama.com - All Rights Reserved

Disclaimer: This is a paid advertorial. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules