Reduce your debt
Reducing debt isn’t just great financially, it may also do wonders for your general wellbeing.
Taking action as part of your 2022 plan will give you a real sense of purpose and control.
Multiple debts can present more of a challenge. In which case, you might want to look at the merits of consolidating your debts.
Keep track of your spending
Keep records of all your financial transactions together in one place – from bank statements to investment statements.
Check your statements regularly, and talk to your financial institution if there are any inconsistencies, or if there is anything you don’t understand.
Keep a budget, review it regularly and make sure you include a plan for regular savings.
By knowing what you earn and what you spend, you’ll know where you stand and where you’re heading.
This article first appeared on Stuff.co.nz.
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