In the blink of an eye you will be saying goodbye to 2017 and welcome 2018 with outstretched arms. Time flies, that’s for sure. It is also of the essence, especially when it comes to your finances.
One of the most important questions you have to ask yourself: “What am I going to do better or different in the new year regarding my finances?” What are your financial New Year’s resolutions? Are you ready to get your finances in order and wave a final goodbye to your debt woes?
Zeeva’s team specifically focus on protecting your finances and helping you with debt. Zeeva therefore shares five fundamental financial resolutions that you can incorporate this 2018:
Take a thorough look at your bank statements
You cannot determine where your monthly income is going if you don’t ‘inspect’ your leakages. Print out your bank statements of the last few months and see where those spending leaks are. Don’t delay – start doing something about it.
Start going DEBIT and boo CREDIT
Rather use your debit card and avoid your credit card when paying for your purchases. Remember: when using your credit card, usually the first 55 days are interest-free BUT after that, you pay interest. Why don’t you tuck your credit card away and get into the habit of not using or needing it?
Use financial phone apps to your advantage
Phone apps are still a thing these days and the following apps are rated as the best free money-saving apps (that you can use daily):
- Spending Tracker
- FillApp or Fuel Log3
- Money Mammals Save for a goal (ideal for kids)
Save for those emergencies
Save for emergencies by having a proper monthly budget in place (R800 to R1000 per person in your household). Set an emergency savings goal amount for each month, starting with a small amount at first and then increase it throughout the year. Note: your budget and goals need to be set according to your own personal, financial situation.
Before you get lost in debt – ask the pros…
Life happens. Don’t be ashamed of getting the financial help you need. Ask your financial advisor or your banker for assistance and get your finances on the right track. If you are struggling with debt, why not get into contact with Zeeva. Debt review is a scary word for some but in the end, if you are really stuck, allow yourself some breathing room and protection.
Get excited about 2018. And, try to incorporate the above in your financial New Year’s resolutions or goals. It will make your life a little easier and your future financial position a whole lot better.