You’ve made your New Year’s resolutions – things like losing weight, eating right, and hitting the gym.
But what about your financial muscles? As 2012 gets up and running, here are a few tips for what you need to do to improve your finances this year, courtesy of Miami financial planner Craig Weisman:
1) Make a plan. “For 2012, what you need to do is examine the goals – and what you are going to establish as goals – for you and your family,” says Weisman, of Tropical Financial Credit Union.
2) Take care of basics like paying off your debt and sticking to a budget.
3) Put money away for retirement. “If your employer has a 401(k) program, you need to put in as much as you can afford not to take home,” Weisman says. “(The) IRS has increased the contribution limits for 2012.”
4) Be mindful of your credit card spending. Weisman says that when it comes to your credit cards, do not fall into a trap and use them more than you can really afford.
