New Year, New Budget

With the end of the 2014 calendar year upon us, it is time for many of us to make our New Year’s Resolutions.  A New Year’s Resolution for one’s financial life is a critical one to consider.

As the new year draws close, I have already begun preparing my 2015 Financial Spreadsheet, aka budget.  You can get an example budget, one similar to what I use on one of my previous posts (Budget Spreadsheet for Starters).  Two critical things I considered when making my financial goals for the 2015 year were as follows:

1) Pay off the remainder of my student loans.

2) Continue to contribute to a Roth IRA on a monthly basis reaching the max $5,500 contribution level for the year.

I view these two goals as a MUST for the 2015 year.  Setting a clear picture of how I can tackle both of these from a financial achievements while also enjoying travel, entertainment among other things is the foundation of my budget.

So as 2015 draws near, create a budget and PAY YOURSELF FIRST (To me this means paying down debt and saving for the future).  Nobody can be entirely certain of what the stock market does in the upcoming year, but you and only you can control the budgeting aspects of your finances.

Budget Smart, Invest Wise

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