“Be always at war with your vices, at peace with your neighbors, and let each New Year find you a better man.” -Benjamin Franklin.
The first of the year brings both the promise of new beginnings and the burden of self-improvement. Fueled by the nostalgia of the holidays and armed with a year’s worth of regrets, some 45% of Americans decide to make New Year’s resolutions each January, according to research from the University of Scranton.
We all certainly have our fair share of vices, especially as they relate to money. So it’s unsurprising that financially-themed resolutions are among the most popular made each new year. But the fact that less than 10% of resolution-makers achieve their goals is not a good sign for hopes of improved money management.
Don’t be discouraged, though. WalletHub has your back. Below, you will find a list of the top 10 financial resolutions to make in 2018, along with some helpful tips for making sure they happen. Now, we know it’s no longer January, however, making changes in your financial life can happen at any point in the year. Seeing that we are all working on taxes and potentially receiving income tax refund checks, this is the best time to kick-start your year of financial freedom.
Thanks to the increased availability of free credit scores, most people have a good sense of their credit standing these days. Too few of us are familiar with the actual contents of our credit reports, though. That might be because we assume our credit scores tell the full story, but that’s just not the case. For starters, as many as one in four people have an error on their report that could affect their credit score, according to research by the Federal Trade Commission. Furthermore, reviewing at least one of your major credit reports on a regular basis will allow you to spot signs of fraud before they get too serious. You can start by checking your free TransUnion credit report on WalletHub.With that being said, no one can keep tabs on their credit around the clock. And that’s where 24/7 credit monitoring comes in. Signing up for free credit monitoring will enable you to receive an instant notification anytime there is an important change to your credit report. In other words, it reduces lag time when spotting issues and gives you the peace of mind that comes with knowing you won’t miss anything.