Make Financial New Year's Resolutions for 2018!

2017 has been a fantastic year, but 2018 will be here before you know it. You may have made resolutions in the past and never stuck to them, but 2018 is the year! Surprise yourself and write some financial new year's resolutions you can stick to this upcoming year. Why should you want to do this? Writing financial resolutions and sticking to them can improve your life and overall stress level. Start the year off right. Our bank at the Lake of the Ozarks is here to give you some sample new year's resolutions you may implement that can make your life better and your bills easier to pay.

Sample Financial New Year's Resolutions for 2018

Find a better job that pays me more.

Why would you want to write a new year's resolution like this?

You've been struggling for years to be happy in a job you just hate. You've recently realized that you now have the experience you need, under your belt, to qualify for a better job that would pay you more and possibly offer a better work environment that suits you better. Life is too short to be unhappy and underappreciated at your job. Make 2018 the year you find your dream job! 

Focus my savings strategy.

Why would you want to write a new year's resolution like this?

You told yourself that 2017 would be the year you'd save enough money to have that emergency fund. You never know when something could break down that could be a costly fix, such as plumbing issues or needing a new roof. Having an emergency fund would make you feel so much better and comfortable in your own home. Determine what you want your goal amount to be and determine how much you must save per month to get there by the end of 2018. Set up automatic withdrawal where money is transferred to your savings every month. Cut back where you need in order to save the money you want to save. Here are some examples where you could possibly cut back:

• Buy less coffee every month
• Cancel your gym membership if you never go and work out at home
• Buy the generic groceries vs. the brand name groceries (You probably won't even notice much difference.)
• Cut back on impulse buys such as "that pair of shoes you just had to have" or "that piece of home decor that you just knew would light up the room"

Pay off my credit card bill.

Why would you want to write a new year's resolution like this?

That credit card balance has just been driving you crazy and you're tired of being in credit card debt. Create a plan to pay that credit card off once and for all in 2018. Take your total debt and divide it up by 12 months. If it is realistic you can pay this debt off by the end of 2018, GREAT, if not, then start your plan for 2 years or more. The point here is the put this plan into action and consistently work your debt down one month at a time. Don't put this off. Make 2018 the year that your credit card debt no longer takes a toll on your stress level. Make a plan to pay it off and stick to it.

Need a Bank You Can Trust to Help You Stick to Your New Year's Resolutions?

Stay tuned next week for when First Bank of the Lake continues this blog series and gives you more sample financial new year's resolutions you can make and stick to. If you are in need of a bank in Osage Beach to help you stick to these new year's resolutions, stop by First Bank of the Lake. We are ready to help you with your banking needs.



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4558 Osage Beach Parkway
Suite 100
Osage Beach, MO 65065

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