Frugal New Year’s Resolutions: Will 2012 Be Your Year?

Will 2012 be your year to become more frugal? Most people who make a list of New Year’s Resolutions will include at least one item related to spending, saving or sharing their money. Whether you are preparing to take on a daunting list or you haven’t even given a thought to New Year’s Resolutions, why not make a frugal goal for the coming year. Here are a few ideas:

  • Managing Your Credit Card Debt: Do you struggle with credit card debt? This year you could create a plan to eliminate your credit card debt and begin paying your credit card bills on time.
  • Increasing Your Charitable Giving: Often times charitable giving ends up being the last thing on the list when money comes in. Why not begin making it a priority? If you are more of a spontaneous giver, why not begin making your giving more consistent?
  • Paying Off The Interest On Your Student Loans: This is immensely important because it can save you a lot of money in the long run, but many students don’t take advantage of it.
  • Cutting A Bad Spending Habit: We all have bad spending habits, those little (or not so little) impulse buys that really add up. Whether you buy clearance clothes because they are a bargain but you never actually wear them or you over-indulge in pre-packaged foods, this is a good time to identify and begin cutting your bad habit.
  • Creating and Maintaining a Budget: If you haven’t done this already, this is a great habit to form. For more information check out these blog posts on creating and maintaining a budget.
  • Begin Saving Money: Savings really do add up even if it is just $20 per month. If you can take it out of your checking account by automatic withdrawal that’s even better, you won’t even miss it.
  • Living Within Your Means: Challenge yourself to actually live within your means this year by being intentional about only spending what you are earning.
  • Form Your Own Frugal Community: Get a group of friends together for a frugal party every month. Start a group that tries to find the best happy hour deals. Gather some people together to make homemade frugal gifts that you can use for any occasion.

I’m still trying to decide on my frugal New Year’s Resolution. What is your New Year’s Resolution for 2012?

Advertisements

3 thoughts on “Frugal New Year’s Resolutions: Will 2012 Be Your Year?

  1. Pingback: Frugal New Year’s Resolutions: How To Keep Your New Year’s Resolutions « frugalcommunity

Join the Conversation

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s