10 Financial Resolutions to Try in 2022!!

TL;DR

Debt-free living, student loan payoff, credit card debt reduction, credit check, 401k rollover, retirement contributions, financial book reading, 529 plan opening, car saving, down payment saving.

Transcript

all right dfm fam if you're confused about what to do with your finances in 2022 instagram i have a top 10 list of financial resolutions that you must try a shout out to capitalize who is sponsoring this video today capitalize can help you roll over your old 401k but more on that later let's go ahead and jump into it hey guys it's justine with debt... Read More

Key Insights

• 😃 Prioritize intentional spending to focus on what brings joy financially.
• 🧑‍🎓 Pay off one student loan at a time for motivation and progress.
• 💳 Set goals to reduce credit card debt and achieve financial freedom.
• 💳 Regularly check credit reports for accuracy and fraud prevention.
• 🤣 Roll over old 401k accounts for better financial management.
• ❓ Contribute to current 401k to maximize employer matches.
• 🫠 Read financial books for valuable insights and knowledge.

Questions & Answers

Q: How can intentional spending help in financial planning?

Intentional spending involves cutting out unnecessary expenses and focusing on activities that bring joy, allowing for better financial planning and ensuring money is spent wisely.

Q: Why is paying off one student loan at a time motivating?

Paying off one student loan at a time provides a sense of accomplishment and motivation to tackle other loans, making the process more manageable and rewarding.

Q: How can listing out credit card debts help in reducing them?

By listing credit card debts by total outstanding balance or interest rate, individuals can prioritize payments and set achievable goals, leading to a reduction in credit card debt over time.

Q: Why is it essential to do a credit check regularly?

Performing a credit check ensures that all information is accurate, helps identify any fraudulent activity, and allows individuals to monitor their credit score for financial well-being.

Summary & Key Takeaways

• Create intentional spending by cutting out unnecessary expenses and focusing on what brings joy.

• Pay off one student loan to stay motivated and focused.

• Clean up credit card debt by setting goals and prioritizing payments.