How to Clear Up Past Financial Mistakes and Make a Clean Start in 2011

dollar-chained-up.jpg
Posted on 01/06/2011

We all make mistakes. But the arrival of 2011 means the start of a new year and a new decade. Why not use this opportunity to make a clean start? Resolve to clear up past financial mistakes and head down a new path.


Pinpoint the Problem - Are you spending money you don’t have? Using a poorly thought out budget? Or is your income too low? Figure out what’s creating the problem so that you can move on to coming up with a plan to fix it.


Create a Budget - Most financial planners will tell you the first step towards getting your finances in order is having a written budget. Use these free budgeting forms from DaveRamsey.com to get started. You’ll begin telling your money where to go instead of wondering where it went.


Learn from the Pros - Get inspired and motivated by experts who are in the business of helping people get out of debt and find financial success. Start by reading a free download of David Bach’s new book Debt Free for Life. He’s authored eight New York Times Bestsellers dealing with money. You may even want to enter Bach’s Debt Free Challenge. Just by signing up you’ll automatically be entered to win $10,000 to help pay down debt.


Tackle Your Debt - It’s time to start tackling your debt, not ignoring it. Call your credit card companies and negotiate lower interest rates. Sell things you don’t need and put the extra money towards debt payments. Cut up your credit cards and get passionate about eliminating your past money mistakes.


Be Prepared to Sacrifice - Getting something you don’t have usually requires sacrificing something you do have. What are you willing to give up in 2011 in order to achieve your financial goals? Can you cut your cable? Will you make more meals at home? Is getting a second job an option? Think of it as a short term sacrifice that will help you reach your long term dreams.


By Alison Storm


Borders coupon - All diet and fitness books are buy one, get one free with coupon code NYNY2011. Ends 01/13/2011.


Macy's coupon - Save $10 off $50+ orders, $20 off $100+ orders, $30 off $150+ orders, or $50 off $200+ orders when you shop through this link. Expires 01/06/2011.

* Hot deals expire quickly. This deal may no longer be valid.

Post A Comment