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Savvy Resolution: Get Savvy in 2008

I don't know about you, but New Year's Resolutions have always been sort of a turn off for me. My aversion probably stems back to the fact that they were forced during grade school, and even at times in high school (write your resolutions in Spanish, for example). I've been off the resolution train for some time now, but am getting back on in 2008.

In the spirit of getting organized, we've crafted a handy Resolution Worksheet for you to keep track of all your financial goals for the new year.

Some of the goals like retirement savings are totally universal, while some of you may have specific career goals that you can jot down in the free space. As you accomplish the goals, you can check them off your list, which I think is one of life's little pleasures. I'll be checking in with you in a month to see how you're doing with your resolutions and feel free to share any of your goals in your comments below!

Join The Conversation
Toveracre Toveracre 9 years
great idea ty!
gigi123 gigi123 9 years
This is a great idea that young adults should use/learn as well.
tiff_saint01 tiff_saint01 9 years
This is a great list. My main goal this year is to get my Bachelor's degree and budget more. But this list TRULY helps out!
fashionhore fashionhore 9 years
So I have a question for anyone who has tried this or has noticed a difference on their electric bill. Are energy-efficient light bulbs really that much better? I have about half of the light bulbs in my house as the ee ones, only because I am not so sure about the actual benefits. Can somebody please eplain!
Angelica Angelica 9 years
Time for me to get organized!
rosey rosey 9 years
What a great list! Some of them don't apply to me yet, but a few of them are things I really need to work on, thanks so much!
emilyjkay emilyjkay 9 years
Just FYI usually 401K programs also allow a limited withdrawl with no penalties for first time home buyers! That's what I did.
gillianok gillianok 9 years
I'm a list-maker - so this is perfect!
beingtazim beingtazim 9 years
great check-list, thank you!
rlveronica rlveronica 9 years
Fabulous! :)
bectemp bectemp 9 years
I resolve to stop and smell the roses...
penelope829 penelope829 9 years
I do agree that you should take advantage of any match your employer offers on the 401k, but maxing out might be a bit much. You should open a Roth as soon as you're able; however, I would not advise anyone to borrow against their Roth. You can find relatively generous interest rates on some savings accounts (not as high, perhaps, as an ROI from a Roth, but Rome wasn't built in a day) if you know where to look. I tell people all the time that retirement is about the long haul. It can be hard to think about it that way when you need liquidity, but a well-researched savings account might help with those needs.
cassedy04 cassedy04 9 years
this is a great start! my resolution for the year is to make sure i always have my checkbook balanced. a few extra little resolutions won't hurt though...
rosey_y rosey_y 9 years
Great tips there, thank you!
bellanatella bellanatella 9 years
I'll be downloading this.
bellaressa bellaressa 9 years
Great worksheet, I can't wait for future articles.
emalove emalove 9 years
I'm a list-maker, so I definitely appreciate this!
mrskrismendoza mrskrismendoza 9 years
Thank you for taking the time to make one of these. :)
pixelsugar pixelsugar 9 years
I will certainly be able to put this worksheet to good use. I love being able to check things off, it makes me feel accomplished.
jordybee jordybee 9 years
Wow, thanks for the worksheet...I definately need to budget more this year. Would love to see some success stories on budgeting and getting out of debt (just had to start paying my student loans :(). Also, let me know if you have any advice on kicking the shopping habit.
julieulie julieulie 9 years
Ugh, these resolutions depress me so much. I'm a Ph.D student in oncology living off a tiny stipend in one of the most expensive cities.. if I break even for the month off of my rent, utility bills, and groceries, it's been a good month. Plus, I'm trying to pay for a wedding on top of it. I budget and track all my spending, but my savings account is getting smaller every month because it is just too expensive to live here! It's kind of depressing that even AFTER I have my Ph.D. after 6 years of work, I'll STILL be making less as a post-doc than I would working full time at Starbucks. What does it say about our nation that we pay more for someone to make our coffee than for someone with a Ph.D. to work towards a cure for cancer?
Lovely_1 Lovely_1 9 years
This is great :) Some of this stuff down't really apply to me, but I will work towards the stuff that does :)
Smart-Living Smart-Living 9 years
Hi Hill82879- You definitely have a point, but if your employer matches your 401k contributions you should at least contribute as much as they match. We'll be covering all types of retirement accounts in the following weeks. Thanks for your comment! Savvy
Hill82879 Hill82879 9 years
I disagree with recommending people max out their 401Ks first. Many people our age have more immediate saving needs, such as a first home. Roth IRAs allow first time home-buyers to take a certain amount out of their IRA without penalty. A 401K cannot offer the same option. Anyway, it's just a thought.
Bettyesque Bettyesque 9 years
Nice Sheet similar to something I started for myself mid 07 .. I got a head start.
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