leather ugg 10 New Year’s Resolutions for Your Wallet
1. Clean out your wallet. A cluttered wallet isn just bulky; it also can be expensive if you paying for cards you don use. Start lean and mean in 2017. Review the cards and figure out how they benefit you. Many people, myself included, signed up for some cards merely for their cool factor or maybe to pursue a one time benefit such as a juicy sign up bonus that has long since been exhausted. At best, these cards can be a distraction and waste of space. At worst, they can cost you an annual fee without making up for it in benefits. Keep only cards earning high rewards that you actually use or cards that are important to maintain your credit score.
3. Optimize your credit cards. Whether you trying to maximize rewards or minimize the cost of credit card debt, you probably have room for improvement. At this point, 1.5% cash back is the new gold standard for rewards, so make sure you earning at least that much on every purchase. And if you looking to minimize the cost of debt, a 12 month, 0% intro APR offer is a good baseline. If you unsure what kind of card you might qualify for, I recommend checking your free credit score or seeing whether you pre qualify for a card.
7. Boost your savings rate. Saving money can be hard, especially if it for a less immediate goal such as retirement, an emergency fund (see below) or a down payment on a home. Here are tips to boost your savings rate: (1) If your employer matches 401(k) contributions, make sure you contributing enough from your paycheck to get the full match. (2) Divert some of your wages automatically into your savings account before you have the chance to spend it. (3) Plan now to save any windfalls, such as tax refunds, gifts or the occasional lottery winnings. (4) Check your credit card and checking account statements to see whether you can cut any charges for recurring services that aren needed.