Last month I sent along a list of some of my top suggestions for saving on taxes before the ball dropped in NYC.  This month, I’m looking ahead on your behalf and sending along some of the best New Year’s Resolutions I have found for jump-starting your income for 2013.  There are a million ideas out there yet these seem to be simple steps to achieve financial success.

Resolution # 1  Get Fit

It’s a world-wide resolution every January 1: Time to get fit.  Yet in this particular case, I’m talking about taking a good look at the shape of your finances. Are you spending more than you’re bringing home?  If so, time for a check-up.  In an effort to keep things simple, I suggest you make this easy on yourself and create a spending log and document every penny that goes out of your pocket for the first two months of the year. This will give you a real good birds-eye-view of what you need to do to maintain a healthy financial balance for the balance of the year.

Resolution # 2  Take Simple Steps to Save

If you’re spending more than what you’re bringing home, you’re not alone.  At this point you have two options:  reduce your expenses on the items that you can truly live without (even if it’s just for a month or so) or find an additional avenue for increasing your income.  Let’s take the first option: cutting back on simple pleasures. You don’t have to approach this concept at a level that will keep you from a good night’s rest.  Take small steps.  Maybe you don’t really need that extra latte everyday or fresh flowers for the weekend.  Perhaps you can live without a few extra beers at the local brewery every Monday night.  You’ll be surprised at how simple pleasures like these can make a substantial difference in your spending patterns; so readjust a bit and I bet you’ll be amazed at the extra cash that will come your way.

Resolution # 3 Expand Your Income Horizon

I am not suggesting you get two jobs or become involved in multi-level marketing programs.  What I am suggesting is that you look around to see if you have a skill that others may need?  Are you a handy-man?  Enjoy woodworking?  Do you love to cook?  As the economy has started to truly challenge all of us, it has fueled a whole new revolution for entrepreneurs.  It’s not uncommon for men and women to promote their ‘other talents’ while networking with friends, family and acquaintances.  Don’t be shy; strut your talents and you make be surprised to hear that someone will pay you for what you love to do best.

Resolution #4  Follow The “Best Buy” Craze

So it takes a little work – yet the end result is worth the effort.  The world of technology has spurred a huge surge in the “battle of the bonuses buys and coupon cash” craze that marketing pros are using 24/7 to get you to their online stores.  Before you make an important purchase – be it a new car, new coat or new set of tools; do your homework.  Use those search engines and key in the words “Best Deals”, “Best Buys”, before the name of the item that you have in mind.  I know for a fact that these deals are there for you to abuse so get savvy and save!

Resolution # 5  Face Up To Your Finances

Saving money, or finding new ways to make money, can be difficult topics to talk about yet the more you talk about it, the more it becomes instilled in your mind and daily life.  When you keep your New Year’s Resolution in front of you, you will be surprised how it can become a subliminal culture that you’ll want to keep for years to come.  So be brave.  Look at your finances in the face and move forward to healthier new you this year, and in years to come.

Need Help Resolving your Financial Challenges?

That’s what we do best.  Call Mark Robertson, your CPA Consulting and Tax Service Professional, at 775-825-5522.


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