Make 2020 the Year Your Finances Really Take Off

New Years is coming up and that means it is time to make a goal. In 2020, make it the year that you really get ahold of your finances and improve your living situation for good. Whether you're stuck in a cycle of debt, earn too little for what you need to live, or want to save for a major financial goal, like buying a home, your 2020 New Years resolution can help get you there. Consider a few simple tips:

#1 Create a budget. A budget is your best tool to change your financial future. Everyone should have a budget, even those doing well financially. It’s the best way to know where your money is going each month and have more to place into savings. Organize your expenses, then list your financial goals, and then set up a budget. Once you do this, you can make your money work for you.

#2 Cut down on unnecessary costs. As you’re creating a budget, be sure to stop and take notice of costs that don’t need to be there. Do you eat out too often? Do you pay for cable and several subscriptions? The occasional splurge or nice meal is fine, but the savings can really add up if you start taking notice of these unneeded expenses and eliminating them.

#3 Buy precious metals, like gold bullion. One of the key steps to building wealth is to start investing. When you’re looking to invest, you cannot go wrong with precious metals like gold and silver. And it is so easy to buy these now, because you can do so online! Reputable, trustworthy websites watch live precious metal prices and know exactly what your bullion should cost. They’ll display it for you with a precious metal spot prices API on their site. You’re actually watching in real time what it will cost for you to invest in gold! Long before Bitcoin or even the stock market, gold, silver, platinum, and other precious metals were the way to “save” and increase your wealth. Today’s live precious metal prices solutions mean you can too!

#4 Take the time to set realistic financial goals and track them. If you do not have specific things that you are working for, it is difficult to motivate yourself to keep saving or investing each month. This is why it is helpful to set an actual, concrete goal. As you decide upon your goal, make sure that it is realistic. Without getting lucky investing in a stock that really takes off, you won’t be able to pay off $50,000 in debt in just a year when you make $65,000. Another way to avoid getting discouraged is to track your goals so that you can see how much you have accomplished. This can help you stay on track when you are working on a long-term goal, like putting away for a few years in order to buy a house.

Don’t let another year go by without taking control of your finances. You may be doing just “okay” right now, but at the end of 2020 you could be doing great!