There’s no time like the present when it comes to saving money and securing your financial future. You might want to start 2017 with retirement planning, cracking down on outstanding debt, or considering your children’s education. Keep reading for a few smart financial resolutions for 2017.
Think About Retirement
People who have told you that it’s never too late to start planning for retirement were not wrong, and early planning can help set you up for success. If you want to be able to retire comfortably and maintain your present lifestyle, start retirement planning now. Consider how old you would like to be when you retire as well as how much money you will need to save to last you after you stop working. Even if you are young and your career path might change, you can start saving now.
Cut Down Your Debt
Bills, student loans, and even trips to the grocery store can build up your debt, which can in turn have a negative impact on your credit score. This can make it difficult to get a loan with a decent rate, so start off 2017 with a concentrated effort to minimize your debt. Look at your income and your expenses to see where you can save and how you can start chipping away at the money you owe.
Save for Your Child’s Education
You will probably want to send your kids to college, but you don’t have to wait until they’re applying to schools to start a college fund. Make your New Year’s resolution to start building up a fund so your children are never unsure about their futures.
If you want to start 2017 off on the right foot, it helps to have your finances in order. At Financial Directions, LLC we specialize in retirement planning in Tucson. Please don’t hesitate to call us at (520) 408-7777 or check out our website to learn about what we can do for you.
