The New Year is a great time to take a look at your debt situation and set resolutions that can help you get closer to your goals. We’ve put together a few resolutions you might consider in 2020.
Prioritize your debts:
Make a list of your liabilities and organize them by interest rate. Plan to pay those with highest rates first.
Open an IRA:
If you haven’t already, talk to your financial planner about an IRA. You will get important tax advantages that can add up by retirement!
Enroll in a savings plan:
An automated savings plan helps you follow through because the cash is drawn directly from your bank before you can get your hands on it.
Learn as much as you can about the financial markets and investments. “The Intelligent Investor” by Benjamin Graham and “One Up on Wall Street” by Peter Lynch are both recommended.
If you find yourself unable to make your monthly debt payments, Sam Henry can help. Call us today for an initial consultation to discuss your options.