Renew Your Resolutions for the Lunar New Year!

Maybe you celebrate the Lunar New Year or perhaps your original New Year’s resolutions have already fallen by the wayside.  Whatever your reason, Monday marks the start of the new year on the lunar calendar. 

If you’ve fallen behind on your resolutions, welcome the Year of the Dragon and renew your resolutions with fiery commitment!

Save your savings!

So you resolved to focus on your savings this year, but you haven’t saved a cent.  Here’s a tip: start now.

Start by opening an account that will be dedicated solely to saving.  For the best results, find a high yielding interest earning account.  The fastest way to do this is to look online for savings rates.

Next, schedule automatic transfers into this account.  These transfers can be from your checking account or directly from your paycheck.  Your bank will usually be happy to help you with the transfers from your checking account; however, you will most likely need to contact your human resources department to make transfers directly from your paycheck.

Lower your costs!

One easy way to lower costs is simply to look for better loan and credit card products.  If you’re paying high interest on either of these, you’re letting money slip away. 

Check these online rate comparison CD Rates table to find the best rates on mortgages home equity loans [insert link to rate tables], auto loans, and credit cards. Stop paying unnecessarily high interest on these accounts.

Source: Informa Research Services