A New Year, A Fresh Financial Start

The New Year often brings resolutions. Most people focus on eating better or exercising more. Financial goals deserve the same attention.

Small Spending Adds Up Fast

Last semester, I often visited the campus bagel shop. I bought a bagel, a smoothie, or both. Each time, I told myself it was a harmless treat. I ignored the fact that the money could serve a better purpose.

I only noticed the impact after reviewing my online banking. That’s when the numbers surprised me.

The Wake-Up Call

In just one month, I spent over 18 percent of my money on dining out. At first, I doubted the total. Then I checked each transaction. The math was clear.

I spent an extra five to ten dollars every week on a bagel and smoothie. That small habit added up quickly.

A Smarter Financial Resolution

One of my top New Year’s resolutions is to watch my spending all year long. Not for a week. Not for a month. For the entire year.

If I skip the bagel shop, I could save about $520 in a year. That money could help with groceries, school costs, or savings.

Pay Yourself First

Many people spend extra money as soon as they get it. That habit can hurt long-term goals.

Treating yourself isn’t wrong. The problem comes when saving is ignored. Before spending, check your savings account. Ask yourself if it matches your goals. If you share finances, include your spouse in these talks.

Your Own End-of-Year Bonus

Tracking bank statements shows where money slips away. Cutting small costs over time can lead to real savings. That effort may turn into a bonus you give yourself at the end of the year.

For more money-saving tips, visit Debthelper.com or call a certified credit counselor. Their help is free of charge.

1-800-920-2262.