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Financial Resolutions for 2009
Jan 21, 2009Posted by: Cara Barnes
The year 2009 begins with very real financial issues for our consideration: the economy, unemployment percentages approaching double digits, and sharp downturns for real estate and stock investments. And yet, it’s still important to make easy to follow financial resolutions which could improve your financial situation.
Your financial resolutions should be life long commitments, not just the punch line of a joke at the New Year’s Eve Party. DSUSA is committed to helping you learn how to improve your financial situation. In doing so, we will impart a series of resolutions over the next few months.
Financial Resolution #1 – How To Save Money
While we don’t think it’s time to stash your cash in the mattress just yet, we do think it’s important to keep a separate savings account which is accessible for emergencies but may take some effort on your part to retrieve. This account should be separate from the savings account you use for your DSUSA program.
If you have the ability to enroll in a 401 (k) plan at your place of employment, do it at your earliest opportunity. Despite the weak economy, investing for your retirement on a tax-sheltered basis is one of the best investments you can make for your financial future. Most companies allow for open enrollment during a specific time period and you may qualify for matching funds. Contact your employer’s Human Resources representative for more information.
