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It’s that time of the year to make your New Year Resolutions. There are many you can do to help you save money that also has a side benefit like getting you healthy as well! The hardest part is sticking to the resolution, to do this be vocal! Tell what your resolutions are to your friends and family the more people hold you accountable the more likely you are to succeed. Just make sure to return the favor and be their cheerleaders as well!
What are the Top 3 New Year's resolutions?
The top 3 New Year's Resolutions are; Exercise More – Regular exercise is vital for our physical health in so many ways; everything from maintaining a healthy weight, reducing stress, and increasing energy levels, to strengthening your bones and muscles. Eat Healthier – We all know that eating healthy can have significant benefits, but it’s often hard to make lasting lifestyle changes when it comes to diet. Spend Quality Time with Family & Friends – In today's digital world it has never been easier to stay connected but spending quality time with family and friends is another story entirely – everyone needs human interaction in order to show how much we care about them!
Related: Family Game Night Gift Guide
What can you do on New Year's Eve with no money?
You don’t have to break the bank to have an enjoyable New Year's Eve. There are plenty of fun activities that won't cost you a penny, so you can still celebrate in style without spending any money. Here are some ideas: Have a cozy night indoors with family and friends, look for local events that are either free or donation-based like karaoke nights, art galleries, and museum open houses, take a walk around town, get creative with writing letters or cards full of resolutions/aspirations for yourself as well as wishes for those closest to you, and see what kind of virtual events there might be.
How do you celebrate New Years on a budget?
It’s perfectly possible to have a fun and memorable New Year's celebration without breaking the bank. Here are some budget-friendly tips for bringing in the New Year! First, Host a potluck – Ask your friends or family to pitch in with their favorite appetizers, drinks, or desserts while you provide the main course. Second, Have a game night – Put away the expensive decorations and turn instead towards some low-cost but crowd-pleasing group activities like karaoke, charades, virtual reality games, board games, or puzzles. Third, Make homemade decorations – Decorations don't need to cost an arm and a leg; simple crafts such as noisemakers from recycled material can be just as effective at setting the festive mood. Lastly, Plan ahead – plan early and make sure all details have been decided well in advance so that nothing catches you off guard last minute.
Related: How to Properly Make a Zero Balance Budget
How can I save $5,000 by the end of the year?
Saving $5,000 by the end of the year is an achievable goal if you are determined and disciplined. Here are some tips to help you reach your goal: First, Make a plan – Make a strict budget for yourself that factors in how much money you make, how much money needs to go towards bills and other regular expenses, and how much money can be set aside for savings each week or month. Second, Automate your savings – By having a percentage of every paycheck automatically deposited into a savings account. Third, Find additional sources of income – Look around for additional ways to earn more money than what you already make at work. Fourth, Lower living costs wherever possible.
Ways to Save Money
- 10 Save Money on Gas Tips + 4 Gas Rebate Apps!
- 25 Ways to Save Money Shopping Online
- 5 Painless Ways to Save Money – Save $25 TODAY!
- How to Save Money Each Month – 60 Things to Make Instead of Buying
What's the 30/30/30 rule?
The 30/30/30 Rule is an incredibly powerful tool to help you make better decisions more quickly. It's based on the idea that a decision should be made after considering three perspectives: logic, intuition, and emotion. The 30/30/30 Rule encourages you to take each perspective into consideration for at least thirty seconds before making any final decisions—allowing enough time for you to weigh all sides without overthinking them too much. This way, you get a good mix of logic, intuition, and emotion while still preserving time efficiency when faced with tough choices!
Budget Planner Kit
This Budget Planner Kit is a downloadable PDF with a set of over 90 templates that makes budgeting quick, stress-free, and fun. Best of all, instant delivery means that you can start getting organized right away. We know that when it comes to budgeting, one size doesn't fit all. That's why this planner kit comes with a variety of templates that provide the perfect background for whatever financial goals you're trying to achieve.
Related: 14 Ways to Build An Emergency Fund Without Pulling From Your Budget
10 New Year Resolutions That Save Money
No More Bank Fees
Yes, you heard me, resolve to ensure no more bank fees. One $30 NSF fee a month will add up to $360 a year. That is if it’s paid off before another one is piled on top of it. They snowball quickly!
Related: Teen Bank Accounts – Learn to Manage Money Early
Avoid Pay Day Loans
Promise to avoid payday loans like the plague! They are a snowball effect that is impossible to get out of! You pay off last week’s payday loan only to have no money for THIS week’s bills, so what do you do? Yep, another payday loan. It’s a vicious never ending cycle.
Not only is this for your health but imagine how much money you can save. A pack-a-day smoker can save $2200 in a year just on cigarettes, not including the lighters you no longer need!
Pay Down Debt
This one is on most people's lists year in and year out, make it happen! You can save an average of $200 a month just on interest charges, that doesn’t include the payments on the actual debt! You could end up with an extra $2,400 in your savings by year's end!
Related: How To Start Eliminating Debt
Make your Coffee at Home
If you are grabbing coffee out once a day you can save almost $1,000 a year by making it home. Even if you only grab a coffee a few times a week you can save around $300- $500!
Cook at Home
If you cut at least 1 meal eating outside the home a week you can save about $500 a PERSON in your family (figuring it costs about $10 a person to eat out)! For our family of six that is a $3,000 savings!
Related: Cheap Dinner Ideas Your Family Will Love
Say No Once a Month
We all do impulse buys, and it’s hard to go cold turkey I get it really I do. So my suggestion is to say no to at least one impulse buy a month! That could save you almost $650 a year!
How many times have you not been able to find something you swore you had, like an extension cord, marker, roll of tape, etc, and gone out and bought a new one instead? Getting organized will cut this out more and save you more money.
Related: 52 Ways to Organize Your Home
Eat Healthy and Lose Weight
Some of the most popular resolutions can help you save money! Eating healthy cuts out spending money on junk food. The healthier you are the less time you spend at the doctor’s office racking up doctor bills.
Think about it if you spend a little each day to distress you will have fewer headaches, backaches, etc. That means you are spending less money on headache medicine and massages to feel better!
Related: Tips for Moms to Destress
Have you taken on any other New Year Resolution that is helping you to save money? I’d love to hear them!
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