New Year's Resolutions To Help You Save Money In 2016

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

Given the opportunity to start fresh in the New Year, like us, we know you may be starting to set goals for yourself that you'd like to see come to pass in 2016. But aside from the usual resolutions surrounding health and fitness, another important one is to become more comfortable when it comes to money.

If you're not sure where to start in this particular area, begin by making it a priority to save some - here are a few resolutions we have in mind:

Follow A Budget: Budgeting isn't just important during times of the year where heavy spending is involved (such as during the holidays). If you want to feel confident in your ability to keep track of your money and trust that you won't spend more than you can afford, you need to have a clear plan to follow.

Begin Investing: Placing some of your income in strategic investments can help you both now and down the line. Take retirement accounts for example - when you make contributions regularly, you're setting yourself up for success during a time of your life where your income may not be as steady.

Learn About Investments: If you're new to investing, you'll want to do your research before you make any final decisions about where you'll allocate your funds to. Even when you work with a financial planner like ourselves, it's important that you possess your own knowledge about each of your individual investments so that you know exactly where your money is going and how it all works. When you aren't familiar with this, there are much greater chances of you losing the money that you set out to save.

Eliminate Debt: Are you in the middle of helping your child pay back student loans or working on paying off your car? Should you have loans like these in your name, make it a priority to pay as much back this year as possible - the sooner you complete your payments, the less interest you'll get charged with.

Find A Financial Planner: One of the most important things you can do for yourself is schedule an appointment with an expert in the field, considering that they have all of the right tools and resources to help you develop a plan that can benefit you financially. At American Investment Planners LLC, we can help you do so through services such as retirement and estate planning!

Although it may seem overwhelming at first, saving money and becoming more financially stable can occur in a number of ways, and we want to help! For more information about our firm and how you can benefit from our guidance and advice, please give us a call at (516) 932-5130 today.