Start 2010 Right - 3 Simple Financial Resolutions to Keep in the New Year

With post-holiday debt on the rise, you may have "managing their finances better" atop your list of New Year's resolutions. Other resolutions may be lost as the year progresses, but being financially savvy is one change that will provide rewards all year long. Here are 3 easy ways to improve your money matters this year:

1. Find a low-percent APR card -- Shop for a credit card with a low- or zero-percent APR for the life of the card. Remember, your goal is to avoid paying excessive finance charges and fees to work toward paying off your entire balance.


2. Use your debit card to pay for purchases -- Debit cards have become the modern day form of cash, and like cash, your debit card can be used to avoid racking up debt because spending is restricted to the funds that are available in your account. They're compact, reliable and universally accepted by everyone. Both retailers and consumers benefit from knowing the money will be there once charged.


3. Open a savings account with a high interest rate -- Make a habit of putting a little bit of money away in your savings account every month. There are some high-yield savings or money market accounts which offer the flexibility of a low minimum opening balance or allow adding funds in small increments. Furthermore, scheduling automatic deposits will ensure your savings continues to be built throughout the year.

This year, manage your finances before they manage you. Using these simple tips can help you become debt-free and prosperous in 2010!

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