January 2018 came and you made your resolutions. Get your spending in order, pay off your credit card debt and focus on making smart investments. Well it’s April and your checking account is still in shambles, interest charges are piling up and the idea of savings stresses you out.
Having your finances in order can affect your physical and mental health and is key to securing your future. Here are 5 ways to get financially fit!
1.Figure Out Where Your Money Is Going
Take a look at your spending patterns. If a majority of your money goes to eating out and shopping, it is time to reevaluate your spending. Create a budget for recreation and stick to it. Once you establish where the holes are in your budget, you can use free budgeting apps to create budgets, track what your spending and where you’re spending it. Once you see how all of your expenses are adding up, you can decide where you need to cut back and where you can afford to splurge a little.
2. Start An Emergency Fund
Saving for a rainy day really comes in handy when unexpected expenses come up. If you stay ready, you won’t have to scramble and pull from your savings or use your credit cards to keep yourself afloat. Three months worth of expenses is good but six months to a year is ideal.Be sure to