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Your New Year's Resolution: Save More Money

5 Steps to Help You Achieve Your Goal

By Gregory Thomas

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Are you planning on a New Year's resolution to start saving more money in the new year?

Like any resolution, unless you take some action, nothing will ever change. For example, if your New Year's resolution is to lose weight, you WILL have to change a few eating habits and/or exercise regularly. If your goal is to quit smoking, then you WILL need to make an honest effort to stop smoking.

The Key to Your Success
The key to making your resolution become a reality is to set a goal. In other words, what do you want the extra money for? Are you saving for a new car stereo system? What about a family trip to Las Vegas?

Point is, when you have something to strive for, saving money becomes 10 times easier. This goal is something you really want, so you will do what is necessary to be successful.

Once you have a tangible goal to work toward, establish an amount you will need to reach. Or how much is your goal going to cost?

For example:

Start off just a week at a time. Decide how much you need to save per week in order to reach your goal. Use these tips to help save money each and every week:

1. Avoid Eating Out
This may be your No. 1 money saver depending on how often you dine out. Trips to restaurants and fast food joints can quickly add up to be an expensive bill. Try and limit your outings to once a week, or better yet, once a month. On other days, pack a lunch or cook at home. Not only will you find yourself saving money, but you'll be eating healthier at the same time.

2. Adopt the "Do I REALLY Need This?" Approach

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