Savings Secrets: 4 financial resolutions to make right now


With 2014 right around the corner, you’re probably already thinking about those resolutions. Do you hit the gym, start eating healthy, keep a better organized home, finally go on that trip, stop eating out, or start growing a garden?

There are so many options and choices to make, but it’s important to not get overwhelmed and stay focused.

One of the best things you can do for your future is to make good financial decisions. Here are a four resolutions you can make right now to create a better financial outlook in 2014.

1. File your taxes early.The government shutdown of 2013 has delayed the tax season, which means it could take longer for your refund check to come in. The sooner you file those taxes, the sooner you’ll get that check.

2. Open a Roth IRA and start putting in $1 per day, or $365 a year.If you have an interest rate of 7% and put in $365 a year, in 30 years you’ll end up with $36,892 after having only put in a total of $10,950 (calculate your savings at Who says it’s too hard to save towards retirement?

Note: It’s important to discuss the best type of savings account for your situation with a financial advisor.
3. Pay off those credit cards, starting with the card that has the highest interest rate. Make sure you pay the minimums on all your cards each month, while putting extra towards the ones with the fat interest rates. You’ll be improving your credit AND eliminating debt at the same time.

4. Pick 3 expenses to either completely eliminate or dramatically reduce. Don’t think you can? Let me ask you this: Are you paying for cable? Are you paying for home phone service? How about a daily trip to the local coffee shop or take out for lunch while you’re at work? Start thinking of ways to reduce those bills!

We’ll be discussing various ways you can cut expenses and improve your financial outlook for 2014 in the coming weeks.

What are some of the ways that you reduce spending and increase your savings?

Crystal Collins, a DealPro, is an Atlanta local, adventurer, a health advocate and thrifty as can be. Check her out on her blog at


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