The New Year: A Time of Reflection and Change

Posted By: Family Credit Management | Tuesday January 4, 2022

New Year marks a time of new beginnings. We look back at the past year, take stock of what we’ve accomplished, how we’ve lived and think about what we’d like to do differently going forward. While much of this reflection focuses on our relationships, work, and health (physical and mental), it’s also important to look at how we handled our finances in the past year and determine if we’re meeting our goals or not.

Most people, if they’re being honest with themselves, will find there is changes they should be making. Figuring out how to make these changes can be incredibly challenging. Fortunately, we have developed several tools to help you figure out where you’re at and how to get yourself where you want to be.

A great first step is our “How Serious is My Debt?” quiz. It will help you figure out if you’re in a strong financial position, if you need to make minor changes or if you need a complete overhaul. If your situation seems dire-don’t panic! We’re here to help! We can create a customized debt repayment plan for you that works with your budget.

You can explore your finances deeper with our Personal Spending Plan. This will help you create a budget that will help you spend your money more wisely while putting some away from emergencies, debt repayment and even things you want!

If your budget leaves something to be desired and you need to figure out ways to save money in your everyday life, our 100 Small Ways to Save BIG can be a great help. We sat down with our counselors and brainstormed ways to save money. We recommend you make this review part of your monthly spending plan to encourage you to pay yourself first and save for emergencies or retirement.

For a full deep dive, check out our free course, Personal Finance Made Easy. Here you’ll learn everything about money that you should have learned in high school but didn’t. From banking and investing to debt and saving, we’ve got you covered.

Remember, if you're looking to end next year with more money saved and less debt than you have now, one of our certified credit counselors can help you accomplish your financial goals. Get a free online quote to see what a debt consolidation plan would look like for you.

Here's to a happy, healthy, and financial prosperous New Year!