TOP 3 STRATEGIES TO JUMPSTART 2022!
Take Care of Your Credit
It's key that you have good credit behaviours and learn ways to increase your credit. To qualify for a car loan, a line of credit or a home mortgage you'll need good credit. Create good habits this year by paying your bills on time, not letting your credit accounts exceed 30% of the credit available and before you cancel any credit cards, get advice.
Don't Neglect Your Savings
In managing debt, you want to ensure you don't need to use your credit card to pay for emergencies like your car breaking down or a family emergency coming out of nowhere. You can avoid using your credit card for emergencies by putting extra money aside monthly. This can be done by creating a emergency fund (separate account) where you keep money for rainy days and financial emergencies exclusively!
Whether you’re learning how to budget, saving for a house, trying to pay down debt its extremely helpful to get support from others so you can reach your goals! There are many online platforms designed for people to communicate and share experiences to help one another. Take advantage of an online community and get motivated to reach your financial goal this year.
Secondly, in order to make large purchases and continue to plan for the future you should make saving a priority for investments such as a house, stocks or a business. You will need to have money saved in order to pursue large investments (don't forget this!)
Connect with a Finance Community
Due to COVID-19 it is challenging to find community during this time (in person) but there are countless amounts of online forums, groups and media outlets where you can meet people who have the same financial goals and aspirations as you.