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TOP 11 FINANCIAL NEW YEAR'S RESOLUTIONS AND HOW TO FULFILL THEM ✦ Tackling money in 2022 while inflation jumps
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021 is winding down, and that means it’s time to think about resolutions for the coming year. With the cost of goods and services rising e.g. fuel jumping 36% since April last year, financial resolutions are foremost in the minds of many consumers. With the right plan in place, you can stick to your financial resolutions and end the coming year in a better place than when you started it. Tanasia Bailey of Bankrate, Inc., 100 5th Ave., 16th Floor, New York, NY 10011 has contributed this article on practical financial tips. Some tips will be relevant to the US.
Here are 11 practical financial resolutions to commit to, along with expert tips on how to keep them.
1. Refinance your mortgage and/or your student loans Mortgage rates have been at historic lows, so it may be the right time to refinance to lower your monthly payments, if you haven’t done so already. As for student loan refinancing in the United States, federal student loans are in forbearance through January 2022, meaning you’ll need to start making payments again soon. Whether you have a federal student loan or a private one, consider refinancing the loan to lock in lower rates. Study Assist is available for Australian students and there are lots of HELP available on their website.
