Consumer Watch: New year money resolutions
It's a new year, and that means getting your health and fitness back on track.
But what about your finances?
If money resolutions are not on your list, experts say they should be.
According to a new Fidelity Investments survey, nearly one-third of Americans plan to make a money resolution this 20-19.
49% plan to save more.
15% hope to spend less.
29% plan to pay down debt.
But when it comes to debt, experts say many people are taking the wrong approach.
Tip number two: Start tracking your spending.
Experts say what you don't measure, you can't manage.
So, use apps to track your expenses and see where you can cut down.
"When you can't actually see where your money is going, inevitably you end up spending it in ways you'll regret."
Tip number three: Have some guilt-free money.
As you work toward saving money and cutting expenses, make sure you also set up a fund for fun.