10 New Year’s Resolutions That Will Save You Thousands

Making a few small changes to your money habits can pay big dividends throughout 2016. Here are 10 New Year's resolutions that will help you rake in the cash.

9. Cut the booze

There’s nothing wrong with an occasional night out with the guys or gals, but beware of the bar. Consuming alcoholic beverages in public venues can be quite costly, particularly if you go when it’s not happy hour. And let’s not even consider what getting a DUI could cost you.

OK, let’s consider it after all: Up to $15,000 or more.

10. Renegotiate your debts

Call around to each of your creditors and attempt to have your interest rates lowered.

And how about refinancing your home? The savings from refinancing a $250,000 30-year, fixed-rate mortgage with a 5.5 percent interest rate will vary depending on the terms. But a monthly payment on a $250,000 loan at 4.5 percent is about $153 a month less.

Which money-saving resolutions are on your list? Share your thoughts in our Forums. It’s a place where you can swap questions and answers on money-related matters, life hacks and ingenious ways to save.

Allison Martin
Allison Martin @amthewriter
After spending years as a governmental accountant, I decided to transition into the world of freelance writing. When I'm not busy writing, I enjoy mentoring mommy-preneurs and helping others manage their finances. ... More

Comments

1,011 Active Deals

More Deals