5 New Year’s Resolutions To Secure Your Finances In 2017
2016 has been a surprising year. From the Chicago Cubs winning the World Series, to Brexit, to Donald Trump as President-elect, it’s been a wild and unexpected ride that’s introduced a healthy dose of uncertainty.
But uncertainty is not always good for your finances.
So how do you secure your financial future? We’ve consulted our experts and here are 5 resolutions you should make to ensure that 2017 is one of your best years ever.
1. Buy A Home.
This is one of the most secure investments you can make.
If you’ve been thinking about buying but have been waiting for the right time, make 2017 the year you finally take the plunge. Interest rates have been trending up, but they are still incredibly low. Make sure you lock in a rate now before they go any higher.
Plus, there are plenty of programs for first-time homebuyers that allow you to finance up to 100% of the home price.
2. Shop For A Better Mortgage.
If you already own a home, you may find that one of your biggest financial obligations is your mortgage payment.
Make sure you’re not paying more than you should. As mentioned, interest rates are some of the lowest we’ve seen in over 30 years.
Not shopping around for the best rate is like throwing your money away. You really owe it to yourself and your future to get a quote today.
3. Go Green.
By being more energy efficient, you can do your part in helping the environment. But if that’s not enough, you’ll also be saving yourself some serious money. Think about installing solar panels, upgrading appliances, and even switching out incandescent light bulbs with LED bulbs.
4. Get Your Credit On Track.
Most people know that bad credit can raise your interest rates when you borrow money. But a low FICO score can also impact other expenses like your car insurance or cell phone contract.
It can even keep you from getting a better job.
Getting your credit on track can be a tedious process, but is well worth it in the end.
5. Review Your Expenses.
Student loans, insurance, car payments, even your morning coffee can add up to a huge chunk of your income.
Find ways to lower these expenses. Whether it’s enrolling in automatic payments, switching to a different health insurance, or simply making your own coffee, the start of a new year is a great time to conduct an audit of your personal expenses.
Make 2017 the year you set yourself up for financial success. Discover more ways your home can help you.
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