Every new year offers an opportunity for some kind of change in your life. This time around, you might be thinking about changing your financial situation. Nobody likes stressing over money, which is why it’s good to have some security in that department. Here are some tips to get into some healthier financial habits.

Save A Thousand Bucks

It’s always good to have something set aside for rainy days. A whopping forty per cent of Americans don’t even have one thousand dollars in savings. Without an emergency fund, it’s going to be difficult to weather some tougher days.

This doesn’t mean you should instantly find one thousand dollars and lock it up. Bills still have to be paid and food has to be put on the table. Try saving up a set amount of money every month, however much that may be. If you set aside about eighty dollars per month until the end of 2019, you’ll have a thousand ready at your disposal. This will put you in a better position than sixty per cent of the country.

Take Some Time Off From Shopping

It might be an extreme measure, but it does wonders for your wallet. Pick any date and mark it. From that point on, go two weeks without buying anything. Groceries and medicine are obviously exempt from this rule. Think of it as a diet for your budget. If nothing else, you’ll learn a lot about your habits and what you deem necessary in day-to-day life.

If this is too much for you, it’s possible to start with a lighter version of this challenge. Have one day of the week be a no-spend day. On that day you’ll spend no money at all, including essential goods. You’ll have practice planning what to buy the day before, but on that particular day, you won’t have to leave the house to purchase anything.

Put Some Money Into Retirement

Every new year means you’re one step closer to retirement. Next year it will be even closer, so it’s best to start saving up. Most people say they are concerned with the amount of money they have saved for retirement.

Even a small amount will help. Get in the habit of putting any extra money in retirement and you’ll have a bright future ahead of you. If you haven’t yet opened an account, contact a local bank and find out how you can start saving for your retirement.

Declutter Your Home

Nobody likes having a jam-packed house. Stuff accumulates and eventually, it’s going to be time to get rid of something. Wardrobes tend to fill up the quickest. If you find that your morning routine is slowed by the number of things you have to wear, perhaps it’s time to get rid of some of that clutter.

If possible, get rid of one-quarter of all the things in your wardrobe. This will not only free up space in there, but it will also help you figure out what items you truly love and need. More free space will make you feel less stressed out and it will create a healthier living environment.

Spend More To Spend Less

Sometimes spending money doesn’t automatically empty your piggy bank. It’s important to look at the big picture. Some investments pay off in the long run. A good education is worth more than you could possibly imagine. Paying for lessons in a new language won’t hurt your financial situation, but it will open up avenues for work and communication

Your home is something worth investing in as well. If your roof is leaking, you’re constantly losing heat to the outside, regardless of how much your heater is working. Replacing your roof or renovating your home is a necessary, but costly measure. Luckily, there are trusted companies like Our Money Market that can lend you money for your long-term investment.

Invest In The Stock Market

Investing sounds complicated when people talk about it, but the concept is pretty simple. You’re giving your money to a company that you trust will keep being successful until you take that money out. You will notice that some of the richest people in the world started off with stock market trading. You don’t have to get to that point, but some extra money is always nice.

Even for the average layman, investing has never been easier. You have hundreds of apps that can tell you the value of your stocks in real time, while also recommending what you can purchase next. What you purchase depends on how risky you want it to be.

In Conclusion

Nowadays, more and more people are feeling good about their finances. With this in mind, there’s always room for some kind of improvement. Financial resolutions are pretty common when the New Year comes around, but following through with them isn’t easy. Follow some of these tips and you’ll fill up that piggy-bank in no time.