Life is pretty weird right now. And money advice—which, let’s be honest, was never all that intuitive to begin with—is somehow even weirder.
For millions of Americans, the “office” has become a malleable concept, with workers finally getting the upper hand on everything from salaries to schedules. Interest rates are so low that putting a portion of your paycheck into a traditional savings account might actually be bad advice these days. And housing prices? If you’re a prospective homebuyer who didn’t ring in the New Year lying in the fetal position, you’re one of the blessed few.
But know this: No matter what 2022 has in store, this year can still be your year.
Below, you’ll find 22 New Year’s money resolutions to help you save, spend, and invest, along with some actionable advice on making them stick.
Whether you’re in search of a new job, a new car or a new strategy to make it to the end of the year with a little more pocket money, you’ve come to the right place.
Build your nest egg
Today’s low interest rate environment means you’ll have to sweat a little harder to grow your savings compared to pre-pandemic years, but getting hip to under-utilized options like high-yield savings accounts and government-backed I bonds can make a world of difference.
As Margaret Bolton, a senior behavioral science researcher at Duke University’s Common Cents Lab tells Money, now is the time to “Make one decision, one change that’s going to have a lasting impact for the entire year.”
Translation? The sooner the better.
Get a career glow up
Employers are facing a hiring crisis. At last count, there were 2.8 million more openings in the U.S. than job seekers. And every day, more people are walking away from their office jobs—many without another one lined up—to join the “Great Resignation.”
But there’s another trend bubbling under the surface. For the first time in many of our careers, workers have all the leverage.
Here’s how to put it to good use.
Finally start investing
Investing advice has always been treated as the final frontier of personal finance.
There’s a ton of it, for one, and much of it’s conflicting. Even the simplest concepts have enough jargon to make your eyes roll back in your head (who among us doesn’t have “401(k) vs IRA,” “exchange-traded fund” and “what is a fiduciary” in our Google history?). And that was before cryptocurrencies, meme …….
Source: https://money.com/22-ways-to-have-the-best-money-year-of-your-life/
