After the holiday season, you might have over-indulged when it came to food and drink. January brings with it a flurry of resolutions to tighten up that belt… straighten up, and fly right.

But what about your finances?

Did you overspend? Buy stuff that you discovered was cheaper elsewhere?

According to the Bureau of Labor Statistics, nine of the 10 largest components of household spending increased during 2018. The 7.8-percent rise in personal insurance and pensions expenditures was the largest percentage increase among all major components, followed by a 2.5-percent rise in food. The only decrease among the largest components was a 5.6-percent drop in education spending.

With the cost of living rising, you may want more money coming in than going out. And if so, I have some good ideas for kicking your finances into shape.
I call it, “The 20 Day Financial Fitness Challenge.”

Ready? Let’s tackle Action Step #1: Commitment

The first thing you need to do is make a promise to yourself that your finances could use some special attention. Also, you’re ready, willing and able to follow through on that promise.

Don’t think this is a squishy step. Your commitment will help you stay the course when you have to make hard choices.

In fact, grab a notebook and start making notes. Write down your “why” when it comes to getting into financial shape. This will help you stick to your goals as we move forward.

Imagine heading into 2020 knowing you’re in much better financial shape than you are today. It’s never too late to start! When it comes to putting a strong financial foundation in place, we’re here for you. Why not call us at 513-563-PLAN (7526) or book online to get the ball rolling? We’ll make sure you get the guidance you need.

Regards,
Dan Cuprill, CFP