Turn over a new leaf – 6 financial planning steps for the new year

Description

Abstract: Many Americans use the change in calendar as motivation to tackle poor financial habits. For instance, at the end of last year, 36% of Americans considered making financial resolutions, according to the 2017 New Year Financial Resolutions Study by Fidelity Investments. This article offers some steps to take to save more, pay down debt and spend less. The article notes that making and sticking to financial resolutions can have a tangible positive impact. A sidebar discusses the question of whether saving or paying down debt is the best strategy.