The holidays are over, but chances are there’s still one thing left to open: That credit card statement.
For many people, January can be a tough month, financially, because people are working to pay off the debt they accumulated over the holidays, or start saving for the next big splurge.
It’s also a time when many people vow to make better financial decisions in the new year.
The National Endowment for Financial Education, a nonprofit devoted to personal finance, has posted a list of tips for starting off the new year on good financial footing.
Our favorite: Assess your debt.
The first step to paying down your credit card debt is figuring out how much money you actually owe. That will help you set realistic spending and saving goals.
Another good one: Pick just one item to cut out of your budget to save money. Temporarily giving up that trip to the coffee shop or dinner out is a simple way to save money without changing your life all that much.
Click here for the full list of tips, and share your best simple money-saving tips in the comments section below.