If you picked the money, you’re not alone. As we start 2020, many
of us are making financial resolutions. Of course, saving more or
paying down debt sounds great, but getting started can feel
overwhelming. Don’t worry the FTC has five ideas for things you can
do to start the new year off right.
- Make a budget. Before you set new goals or make changes, it’s good to know
where you stand. Use this budget worksheet to add up your income
for last month and compare it to how much you spent. You might be
surprised to see where your dollars are going.
- Prioritize your debts. Are debt payments dominating your budget? Make a list of your debts
and their annual interest rates. The debts with the highest
interest rates are costing you the most focus on paying those off