3 Financial Must Haves for the New Year

financial-must-haves-2015

You may have blown your budget on Christmas shopping, or spent your tax refund about a week ago *insert shmoney dance here*. But now, it’s time to get serious!

My children have inspired me to make better financial decisions. Let this be the year you leave a financial legacy for your children! Today Carrie Pink, the “Financial Stylist” and a busy mom of five shares how we can take charge of our money this year. On carriepink.com, she helps women to reclaim their finances while looking fabulous, and shares her tips on personal style, parenting, personal finance, relationships, DIY & home decor for women, wives, and mothers.

 

carrie-pink-financial2015 is just getting started so I know that means most of you’ve already written your resolutions list, signed up for a gym, and stocked your fridge full of organic goodies, but do you have your top 3 financial must haves for 2015 too? No? Shame on you! Here I’ll shame mine, so you’ll be totally prepared for any financial mayhem this year tries to throw at you!

A Budget!
This is the only way to ensure you’re going to tell your money where to go instead of it telling you where it went circa an empty bank account. When you set your budget categories such as groceries, rent, transportation etc, how can you know you aren’t spending too much? Well, there’s an app for that!

I recommend The Finance Bar’s mobile app. It calculates how much you should be spending on expenses per category based on your monthly net income! It’s new to the market and extremely useful. Its calculations are based on research from numerous personal finance experts. Download it and see how well it works for yourself.

A Spending Tracker!
How else can you know when you’re about to buy one latte too many? You need to track your spending DAILY. It’s the only way to help you stay honest with your budget.

My favorite spending tracker is MINT. You can use it on the web or through their mobile app and it’s super simple after you get through a slightly intensive set up. You literally have to link all your accounts to it but it does the rest after that. Every debit card swipe, credit card swipe and cash withdrawal will be tracked! It even starts to build memory to automatically categorize items based on your previous purchases. I’ve been using it for years and it really is a one stop shop honestly. You can link it your budget, set spending limits and set savings goals, it will even send you email alerts when you go over budget. Did I mention it’s completely Free? No excuses, you NEED this!

An Online Bank Account
When looking to open a new bank account we all want the same features; locations convenient to home or work, exceptional customer service and little to no fees. But if you’re looking to grow your savings to the moon this year then consider opening an account that’s much less accessible.

My recommendation? A Capital One 360 account. You’ll enjoy no fees, no minimum balances, and the best part? Forgoing ATM cards for this account means they’ll require 2 or more days to process any withdrawals, so your savings stays exactly where it belongs, safe in the bank and away from you!

Ready to enjoy your year of Kick Ass everything, even Finances? If you found this article helpful please share it, don’t be stingy, others need it too!

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Don’t be stingy, y’all. If you know another mom who could use Carrie’s financial tips, please share! You can find out more about Carrie and how she manages to always look so put together–seriously, always. Have you SEEN her Instgram?–while juggling a house of little ladies (and one little gentleman) at www.carriepink.com.

 

Tiffani
Find me here

Tiffani

Tiffani is the wife and mom behind MyMommyVents, co-creator of The Mommy Conference, and co-founder of the digital collective Sisterhued. Her writing and parenting tips have been seen on The Washington Post, Mommy Noire, Yahoo Parenting, and Fit Pregnancy.
Tiffani
Find me here

3 Comment

  1. These are great resources! I currently have MINT but I don’t utilize it as often as I should. I need to get my financial life together because I have big dreams for this year, and they all cost money. lol.
    Nellie @ Brooklyn Active Mama recently posted…The Tale of the Missing Gym PantsMy Profile

    1. tiffani says: Reply

      You betta get your (financial) LIFE, ma’am. Cross the finish line at the bank, lol.

  2. Kim says: Reply

    I have all of these except a spending tracker. I usually write down my stuff.
    Kim recently posted…Dreaming of Providenciales,Turks and Caicos and The Sands at Grace BayMy Profile

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