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Plan for a More Financially Secure New Year
The year is coming to a close, and whether or not it was good and lucky for you and your family or not, it still doesn’t mean you can’t strive to do better in the coming year.
Avoiding failure is essential, and to stay ahead of the game means to prepare a little bit in advance. In order to reach your goals next year, now is the time to start planning for making the necessary changes that you need to do to have a brighter and more financially stable happy New Year!
Looking For Better Car Insurance
Have you had some driving issues in the past? A DWI, drug possession, speeding, or even getting caught with no proof of insurance? All of these things can severely and negatively affect your driving record as well as make it harder even to get affordable car insurance. In fact, you may have to get sr22 insurance, a high-risk insurance, as a requirement enforced by your local DMV office. Part of your financial goal for the year ahead should be to get car insurance that works for you. There are a few things that insurance companies consider when you inquire about starting a new policy. This includes:
- *Your age.
- *The length of time you’ve had a driver’s license.
- *Your past driving record.
- *History of continuous insurance coverage without lapse.
- *Current FICO score.
All of these things are looked at carefully when an insurance company initially decides to offer you a quote. Once your social security number, address and driver’s license number is added to the application, a final premium amount is calculated and offered to you. Other things that may also play a part in how much premium you’ll pay for 6 to 12 months is what other drivers reside in the household and if they will be driving your vehicle. If so, their age, as well as their driving record will also be a determining factor in finalizing the payment amount.
Getting Your Credit In Tip Top Shape
Another financial goal would be to increase your buying power by getting your credit in order. This starts by taking a good look at your credit reports and FICO score. Getting a merged copy of your reports allow you to take a glance at how well your credit is working for you. What’s your FICO or credit score say?
A good credit score starts at 700 and goes up from there. Anything over 750 is considered an excellent score and makes it easier for you to obtain lines of credit and have an overall lower interest rate on your loans. This makes your money return work for you and allows for easier borrowing and more considerable loan terms that don’t have a lot of red tapes and allow for easy approval. Work on polishing your credit score by following some of these steps:
- *Paying off all of your debt as soon as possible.
- *Avoid acquiring new lines of credit or extending existing lines of credit.
- *Make your payments on time.
- *Pay down credit card and loan balances each month before the minimum payment is due.
Feeling like a financial failure can be devastating. Getting your credit score higher will allow you to get a lower interest rate on your existing credit cards and loans and make it a much easier experience when you go to obtain a new home or vehicle lease.
Getting In Shape
Could you stand to lose a few pounds? Maybe you have the perfect BMI, but you just need to tone and shape your physique. No matter what the case, it pays to get in shape.
This can be an excellent New Year’s resolution that will help improve your health well into the future. Being in the best health possible starts with getting a complete checkup from your doctor, followed by the proper nutritional guidance and daily physical activity.
The CDC suggests that all adults get roughly between 30 to 60 minutes of aerobic exercise at least five days a week.
Something to draw into your new year, new life plan is setting good career goals. If you currently love your job and you’re making the amount of money you’re satisfied with, keep obtaining what you need every day, but if your career could use a bit of an overhaul, start planning new job goals for the New Year. Work for that promotion, or revamp your resume so you can apply for your dream job. It always pays to put your job and career first.
A new year brings about a fresh start and a clean slate. Map out your goals, stick with them and watch your life improve in so many ways.