According to the study many Americans feel inflation made it harder for them to stick to their 2023 financial goals.
92% of respondents said they will change their approach in 2024 in light of the past couple years.
BBB’S financial tips for the New Year:
–Make a new budget
Track your spending with a budget then determine your fixed expenses, needs and wants, and make sure these don’t exceed your income.
–Use free tools
online tools, like budgeting apps and debt reduction software, can help you manage and reduce debt.
–Inventory your credit cards
Reach out to credit card companies to see if interest rates can be lowered, credit cards can hold high interest rates and make a plan to pay off your credit card debt.
–Subscriptions
Going through subscriptions that are no longer needed can help cut cost.
–Avoid Scams
Avoid spending money on scams check with BBB before making a purchase or choosing a business. Making careful decisions now can save time, money, and headaches later.
