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. Next year, to reach your goals 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! Avoiding failure is essential, and to stay ahead of the game means to prepare a little bit in advance.
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? These things can severely and negatively affect your driving record and make it harder even to get affordable car insurance.
In fact, you may have to get sr22 insurance, 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 are 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 are what other drivers reside in the household and if they will be driving your vehicle. If so, their age and 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 allows you to glance at how well your credit works 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 credit lines 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 with many red tapes and 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 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 need to tone and shape your physique. No matter what the case, it pays to get in shape.
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 30 to 60 minutes of aerobic exercise at least five days a week. This can be an excellent New Year’s resolution that will help improve your health well into the future.
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.