This is a guest post from the National Endowment for Financial Education (NEFE), a non-profit dedicated to improving the financial literacy of all Americans. NEFE operates the site Smart About Money and have developed a series of articles filled with tips to help you make 2010 the year of financial freedom. You can also find Economic Survival Tips, worksheets and articles focused on financial education related to housing, spending, credit and job change. Please look at Smart About Money’s other articles to help to make 2010 a great financial year for yourself, and you can follow NEFE on Twitter at @nefe_org

1.      Control spending: If you spend less you’ll have more money available to pay down debt and save for the future. Write down your expenses for a month to see where your money is going. You might be surprised by how easy it is to find places to scale back.

2.      Create a debt repayment plan: If you carry credit card debt, write down everything you owe and make a plan to pay it off. Start with small items you can act on right away–it will make tackling the bigger debt easier. Also, try buying with cash only. It’s a sure-fire way to prevent increases in your credit card debt.

3.      Set up auto-savings plans: Arrange with your bank or another financial institution to have a set amount deducted from your checking account to a savings account each pay period. Of the Americans who have been able to contribute to emergency savings funds, automatic withdrawal is the most popular method, according to the Consumer Federation of America.

4.      Boost retirement savings: If your employer offers a 401(k) plan, increase your contributions. If you don’t have an employer plan, open an Individual Retirement Account (IRA) and arrange for contributions to be made automatically from your checking or savings account.

5.      Create a long-term plan: Write a list of your long-term goals, such as buying a home or saving for college or retirement. Visit the Life Events section of Smart About Money for concrete tips on accomplishing those goals.

6.      Protect Yourself: Be prepared for the unexpected by making sure you, your family, your assets and investments are insured and fully covered. If you do not have a will, make 2010 the year you establish a life plan.

7.      Find a financial buddy: Share your financial resolutions with a friend, colleague, or family member, and you’ll be more likely to keep them. Find someone else who wants to turn around their debt or cut their spending, and establish a mutual support system.

41 Responses to “Seven New Years Financial Resolutions for 2010”

  1. [...] This post was mentioned on Twitter by Budi Rachmat, PotOfGoldLeads. PotOfGoldLeads said: Seven New Years Financial Resolutions for 2010 | Uncommon Cents http://bit.ly/7RcHEU [...]

  2. uberVU - social commentson 27 Dec 2009 at 10:48 am

    Social comments and analytics for this post…

    This post was mentioned on Twitter by MLMPotOfGold: Seven New Years Financial Resolutions for 2010 | Uncommon Cents http://bit.ly/7RcHEU…

  3. Adrian Milleron 27 Dec 2009 at 5:33 pm

    You’re correct. These are totally “non-remarkable” yet it is truly remarkable how few of us do these things consistently. A good wake-up call…er, post.

  4. Steveon 27 Dec 2009 at 5:35 pm

    I would also suggest at something like Mint.com to track finances. It’s a great free tool and can really help you get on top of your spending without much manual work.

  5. [...] Uncommon Cents features a guest post that lists seven great personal finance New Year’s resolutions for all of us, which include controlling spending and creating a debt repayment [...]

  6. [...] Uncommon Cents makes seven New Years financial resolutions for 2010. [...]

  7. cartier braceleton 18 Aug 2011 at 4:49 am

    At that time you can think of Cartier Bracelet, it is perfect and elegant

  8. Moncler Jakkeron 24 Aug 2011 at 11:34 pm

    Thanks a lot for enjoying this beauty article with me. I am apreciating it very much! Looking forward to another great article. Good luck to the author! all the best!

  9. burberry online shopon 29 Aug 2011 at 12:26 am

    burberry online outlet

  10. abercrombie and fitch outleton 29 Aug 2011 at 12:27 am

    abercrombie and fitch outlet uk

  11. nike shox on saleon 12 Sep 2011 at 11:41 pm

    nike shox tl1 for men
    nike shox tl3 mens shoes
    nike shox tl1 for women
    nike shox tl3 womens shoes
    nike shox deliver for men
    nike shox deliver womens shoes
    mens nike shox turbo
    nike shox oz mens
    nike shox oz womens
    nike shox quality mens
    nike shox quality womens

  12. Dell XPS 15 Akkuon 13 Sep 2011 at 11:56 pm

    Awesome post.this was a really good article.thanks for sharing.

  13. latitude E6400 Akkuon 14 Sep 2011 at 12:27 am

    Thank you for all of your expertise and wishing you all the success in your site.

  14. chloe bagson 14 Sep 2011 at 2:27 am

    chloe bags

  15. christian louboutinon 14 Sep 2011 at 2:30 am

    christian louboutin

  16. louboutin shoes ukon 14 Sep 2011 at 2:30 am

    louboutin shoes uk

  17. ed hardy ukon 14 Sep 2011 at 2:30 am

    ed hardy uk

  18. ed hardy saleon 14 Sep 2011 at 2:32 am

    zhge key youdee

  19. Cheap NFL Jerseyon 15 Sep 2011 at 11:57 pm

    Football games is exciting, can say it is currently one of the most popular sports. Kit was good with the NFL

  20. cheap nfl jerseyson 19 Sep 2011 at 11:27 pm

    thank you for post,very interesting and well done!

  21. Cheap Jerseyson 20 Sep 2011 at 1:13 am

    Thanks for sharing such an excellent information.SO much thanks!

  22. Cadmanon 21 Sep 2011 at 2:40 am

    Regards,

  23. coctail dresseson 26 Sep 2011 at 10:05 pm

    Article is very interesting,thanks for your sharing. from your article I learned more.

  24. north face outleton 03 Oct 2011 at 9:22 pm

    4, if Cecilia Cheung, Nicholas Tse divorce, we still do not believe in love? Tangled ah, but if after the divorce Cecilia Cheung and Chen Xi compound used, talk to Faye married Nicholas Tse, Wang Hao and Zhou Xun finally together, I think I still believe in love!

  25. wholesaleon 08 Oct 2011 at 1:52 am

    well

  26. abercrombie and fitch uk outleton 09 Oct 2011 at 6:29 am

    abercrombie and fitch uk outlet

  27. tiffany jewellery ukon 09 Oct 2011 at 6:29 am

    tiffany jewellery uk

  28. renleweion 10 Oct 2011 at 2:48 am

    Thank you for sharing your stuff on blog. It is doubtless that we have similar interests. Something are very helpful to me.

  29. plastic mouldon 17 Oct 2011 at 6:53 pm

    I really enjoyed this post,

  30. NBA Basketball Shoeson 21 Oct 2011 at 7:34 pm

    Very valuable information, I am very grateful,I agree with your Blog and I will be back to check it more in the future so please keep up your work.NBA Basketball Shoes

  31. cheap ralph lauren poloon 01 Nov 2011 at 12:20 am

    you for sharing your stuff on blog. It is doubtless that we have similar interests. Something are very helpful to me.

  32. cheap ugg bootson 01 Nov 2011 at 7:06 pm

    Very nice and informative post. Keep up the good work. Please remember that i m waiting for your next awesome post…

  33. canadegooseon 04 Nov 2011 at 11:16 pm

    it is a good article for us ,i have been find everywhere for this kind of point ,and now i find ,tks for the ownner to shar this kinds of article with us .tks so much.by the way ,i have some idear to share with every boday too.the winter season is coming ,to have a nice top quality winter jackect or winter down jackets is a nice things for everyone.now let me know how to choose a nice top quality winter coat for yourself.at the first to see the materials of the clothe,the top quality ones is waterproof cloth to made and the cloth quality is flexibility for people to do exercise .for the inner of the dwon jackets ,there is duck downs inside ,it is very nice to keep warm for urself.which one is the best winter down jackets or down coat,pls see our link ,then u will see.yangchenbin/201111

  34. emporio armani watcheson 06 Nov 2011 at 7:22 am

    It features a face of mother of one’s gem while using transparent diamonds studded with it.

  35. hermes outleton 14 Nov 2011 at 8:56 pm

    There are ways to tell the difference between authentic and fake
    hermes outlet, Inspect the
    hermes shop by official website.

  36. abercrombie fitchon 17 Nov 2011 at 11:06 pm

    I like the great blog,and I like the abercrombie sale uk too.I hope you can come to my blog abercrombie & fitch uk to have a look,you may find a lot of cheap and beautiful things in our online store.

  37. North Face Outleton 18 Nov 2011 at 6:41 pm

    This game is attracted the athletes of the world, and not just because of the environment is good, North Face Outletthe scenery there was beauty, there is the paradise of the runners, more important is the starting point of the game and the ultimate goal.

  38. itmonclerbuyon 20 Nov 2011 at 10:49 pm

    In 1952, they set up Moncler S.A. company. Moncler production of high-altitude camping tent camping as part of the model to be booked but also produced sleeping bags and mountaineering.Do you want to be grace and warm? Now you can find the ultimate selection of Moncler Clothing for your favorite style.We offer the best Moncler Down Jackets with the best discount.yangchengbin/201111

  39. Gucci Clothingon 22 Nov 2011 at 1:24 am

    I wonder how you got so good. This is really a fascinating blog, lots of stuff that I can get into. One thing I just want to say is that your Blog is so perfect! cheap Louis Vuitton Clothing

  40. LED driveron 24 Nov 2011 at 1:26 am

    Nice post, keep up with this interesting work.

  41. abercrombie fitch saleon 29 Nov 2011 at 7:01 pm

    Fine and well written article. I like it a much. I hope that you can still provide in the future articles like that. I will subscribe in case you do.

Trackback URI | Comments RSS

Leave a Reply