Belmont Buzz

Top 5 Money Resolutions for the New Year

posted on
Top 5 Money Resolutions for the New Year

As January rolls to a close, or as some like to refer to it “the month of resolutions”… how are you doing on your 2018 resolutions? Have you been able to stick with it? Did you set any financial resolutions?

About this time of the month it can be easy to lose motivation and fall back into old habits. You CAN stay the course, however, and reap the financial benefits that changes can create. The key is not to overhaul everything at once… after all, slow and steady wins the race.

 

Below are our top five “baby steps” resolutions you can start today!

  1. Top up your RRSPs and TFSAs where possible - “Compound interest is the greatest mathematical discovery of all time.” – Albert Einstein.
  2. Review your budget – the less you spend the more you have, a simple concept yet profoundly important to your wealth.
  3. Review insurance policies – are you getting the best coverage for your premium dollars?
  4. Review your investment risk tolerance - the more conservative you are the lower your investment fees should be.
  5. De-clutter your living space – sell unused items

Do you have any other money saving tips that have worked for you? We’d love to hear from you!

| Categories: Wealthy Ideas | Tags: money, resolutions, new year | Return
You need to login in order to comment

Search the Blog

 

Filter by Category

 

 

CONTACT US

Dartmouth Office
  Belmont House
  33 Alderney Drive, 7th Floor
  Dartmouth, NS, B2Y 2N4
1 888 235 6169
info@gobelmont.ca

 

Saint John Office
  133 Prince William Street Suite 605
  Saint John, NB E2L 2B5
1 800 565 7050
info@gobelmont.ca