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Do you enjoy setting new year’s resolutions every January? Has it been decades since you last set this type of goal? Either way, now is a great time to reassess your financial health and strive to save more heading into 2023. Here are 10 money-related new year’s resolutions and advice to help you achieve them.

  1. Open a high-yield savings account: Set up automatic transfers into a savings account that you vow not to touch unless it’s an emergency. Keeping this money separate from your checking account makes it less tempting to spend.
  2. Increase your 401(k) contributions: If you have an employer-sponsored retirement plan, take advantage of 401(k) contribution matching. Then, consider going above and beyond, tucking away a higher percentage of your income for the future.
  3. Start a side gig: Do you have a few spare hours every week? You could use them to earn extra money. Save everything you make from a side gig to help bolster your savings account, or use the money to pay down debt.
  4. Create a budget: If you’ve never had a formal budget before, this is the year to make one. Add up your sources of income, fixed monthly costs, and flexible expenses. The goal is to keep your income higher than your expenses every month.
  5. Cut out unnecessary spending: If your budgeting efforts reveal that you’re in the red some months, assess where you can cut back. You might cancel seldom-used subscriptions, eat out less, and stop buying new clothes.
  6. Plan for a garage sale this summer: Take a good, hard look around your house. If you have any belongings you no longer use or want, sell them immediately or set them aside for a garage sale once summer arrives.
  7. Take a staycation: Traveling can be expensive. Rather than paying for a costly getaway, save with a staycation. This lets you skip airfare and hotel costs while enjoying fun events and activities close to home.
  8. Shop the sales: Always watch for opportunities to save on your purchases. Sales, discount codes, and cash back help prevent you from missing out while still being kind to your wallet.
  9. Pay off your credit cards: The average American carries a balance of over $5,200 on their credit cards. If your balance is anything but $0, aim to pay it down. Once you do, resolve to pay the balance in full every month from now on.
  10. Take out the right loans: Despite your best efforts to save in the new year, unexpected bills may still catch you by surprise. When they do, skip those high-interest, unsecured payday loans, and opt for a title loan from VIP Title Loans. We offer better terms and lower interest rates than any other title loan lender in Texas, making us the most affordable option when you need cash fast.

To apply for a title loan with us, please call 817-265-2274, fill out an application online, or visit one of our five convenient locations in the DFW Metroplex.