new year

A New Year’s Resolution Worth Making – Getting Out Of Credit Card Debt In The New Year

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If you’re like me, you’re looking at your calendar (on your phone, natch!) wondering how is it already the end of 2021, do I even bother making a New Year ’s Resolution? In 2021 over 60% of us who made New Year’s Resolutions focused on finance. In a world where so much is out of our control (Omnicron, we see you!), getting financially fit and bidding adieu to credit card debt are something we can actually control. 

Personally, this year has taught me I don’t actually need much.   That means it actually shouldn’t be that difficult to get my finances in order.  So this year, I’m making just one New Year’s Resolution.  I’m making a budget, checking it twice, and I’m getting out of credit card debt.  Here’s how.

Cut The Fun Money Expenses:

On any given day, I’ll look at my expenses for the day and realize just how much money I spent on extras, like that coffee I could have made at home or that cute little accessory I spotted while walking to the train.  In 2022, I’m cutting out all that “fun money” expenses and saving it for real fun like not paying those ridiculously high credit card fees that made that $4 coffee actually cost closer to ten.

Ready, Set, Cook! In the New Year:

Whether I’m going out to dinner or getting food delivered at home, I realize just how much extra cash I’m spending on delivery charges or restaurants.  2022 is the year I’m going to go out to dinner for special occasions and cook at home on the regular. It’s healthier, too.

Pay It Off Each Month

I’m making a commitment in 2022 to pay off my credit card balance at the end of each month.  In other words if I don’t have the money, I’m not buying it.  This may not be the year I’ll get that new couch or take my dream vacation. But it will be the year I achieve something much more rewarding.  I’m getting out of credit card debt. Woot!

Redefine Necessity in the New Year

I’m not afraid to admit I’ve always used a loose interpretation of the word “need” to justify extra spending.  If there’s anything the past two years have taught me, it’s that I don’t need much.  That means there’s never been a better time to reassess what I need. And cut that impulsive spending that gives me a shopper’s high followed by the inevitable credit card debt-induced depression.

And while I’ve always felt shackled by budgets and restricting my spending, I know now that committing to getting rid of credit card debt is as much a part of living a healthy life as eating well and getting moving each day. I’ll miss my local coffee joint and my favorite take-out down the block, but I won’t miss feeling like I have no control over my financial future.  I’m in charge of my finances now.  2022, here I come! 

If you’re looking for New Year’s tips related to help and fitness, we’ve got your back! Keep an eye on our blog page for some exciting upcoming announcements!

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