A new year is right around the bend. You’re probably already dreaming up a few new year’s resolutions for 2012. Don’t forget some financial resolutions as well! Here are some financial steps you can take in 2012 to get started on the right foot. Making Promises We Can’t Keep I don’t know about you, but there have been many new year’s resolutions that I haven’t been able to keep. Even though I vowed to get them accomplished, I fell short. You know how it goes: life gets in the way, time evades us, and we end up forgetting what we vowed to do in the first place. Instead of making a firm new year’s resolution this time around, why not try taking “first steps” that lead you in a positive direction? First steps are much easier to complete. So instead of focusing on several accomplishments you want to make in 2012, focus on the first steps. When starting several of these first steps, you’ll find that at least a few will stick! First Steps for a Better Year Alright, here are a few steps you can take this year. Print out this article and tackle these steps one by one! 1. Start a budget. When you start a budget, everything else in your financial life becomes easier to manage. The budget is something that gives you a launching point for doing great things with your money. Start a budget today and you’ll have the basis to change your whole financial picture around. 2. Switch banks. Are you tired of being sold on credit cards? Thinking you’d like more cash back than your 0.1% interest rate checking account? Try PerkStreet . They’ll give you up to 5% cash back on your debit card purchases! In 2011, we made about $500 in cash back simply by using our debit card like normal! 3. Start an emergency fund. Rainy days happen. Don’t think they won’t happen to you! Start your emergency fund in a separate savings account or money market account. Even if you’re starting with just $100, at least it’s a place to start! Having something in a separate “emergency fund” will prompt you to put more money toward this goal. It’s a great first step to a fully funded emergency fund! 4. Begin the debt snowball. Start paying off your debts , smallest balance first ending with the largest balance. You’ll feel exhilaration quickly when you pay off your first smallest debt; it’s motivation to keep going! Before you know it, you’ll have all your non-mortgage debt paid off . . . no more interest payments! 5. Start a giving fund. There are many Bible verses on giving , so start a giving fund ! Giving is a great way to put money into perspective while blessing others in the process. You’ll experience a special type of joy when you give someone something they don’t even expect! 6. Get your retirement investing going! It’s never too late to start investing. Invest for your sake and your children’s sake. Get your retirement account up and running! The earlier you invest, the more of a return you’ll have! You can do it! 7. Read the Bible. Yes, the Bible has a lot to say about the area of finance. Start reading the Bible. If you fall off your plan, pick yourself up and try again! Eventually you’ll get in the habit and reading your Bible will be like second nature to you. What’s Your 2012 Resolution? Alright, I want to hear from you! What’s your financial resolution? Moreover, what “first steps” will you take toward your financial goals? Leave a brief comment below describing your goal and why it is important to you. We’ll be reading and responding! Sandy 2012 image from Shutterstock Related Articles: The 10 most common new year’s resolutions – is yours on here? How to Earn Over $700 from Your Banks Each Year 7 Ways To Get Serious About Personal Finance Update on My 2% CashBack Debit Card 3 Steps to Strengthen Your Emergency Fund How to Start a Budget: Things I’ve Learned The Hard Way What I’m Financially Responsible For… John Frainee is a personal ﬁnance writer at TheChristianDollar.com . His goal is to provide biblical ﬁnancial principles that encourage people to live healthier lives. Beyond personal ﬁnance, John enjoys spending time with his wife and two crazy cats, playing a competitive game of Monopoly, and reading just about anything he can get his hands on. You can also ﬁnd him on Twitter and Facebook . The articles on this site are for entertainment purposes and should not be taken as financial advice. Please contact a financial professional for specific advice regarding your situation. Also, many of the CPF articles help us pay the bills by using affiliate relationships with Amazon, Google, eBay and others. Find out more here .
What’s Your New Year’s Financial Resolution?