Gain Financial Confidence in 2017 #OnUp

The holidays can be a joyful time, offering a chance to reconnect with friends and family. But they can also be super stressful. You feel immense pressure to buy and give gifts. And most people are worried about money.

This year, I decided to decrease my stress level by setting a budget and sticking to it. And, for the first time in as long as I can remember I didn’t spend more than I planned. I followed the old gift adage (see below) and everyone seemed pretty thrilled with the results.

  1. Something you Want
  2. Something you Need
  3. Something to Wear
  4. Something to Read

It was my favorite holiday season to date. I bought less stuff, felt less stress and was able to create wonderful experiences and memories with my family. I live in Vermont and the holidays have always been about skiing and enjoying the outdoors. This year I spent less time running around like a chicken without a head and we spent more time together; hands down my favorite moment was a family cross country ski on Christmas. You can see my youngest daughter gleefully trudging through the snow as our trusty lab Matilda trails behind her.

The New Year is a time for fresh starts. Take advantage of this annual reset and take the time to make a financial plan. I took the OnUp Mental Wealth Quiz to help me plan for the new year. I have to say I thought their suggestions were pretty spot on (see below)

“You know what? You’re doing a pretty good job. And you should feel really proud. That being said, perhaps there’s a few things you could be doing even better. You need to step back from your financial flow and examine what matters the most to you. Here is one thing you can start doing right now: Weigh the cost of an impulse buy versus spending on what matters the most to you. Even the most organized people miss a bill payment every now and then. Find one bill you can automate.”

From the Mental Wealth Quiz results,  I was able to create my 2017 onUp financial goals.

  • Stick to a budget: This year I am going to create a budget and stick to it. I am not going to make myself super crazy and track every dime but I am going to track the larger ticket items.
  • Start paying down debts: I plan to list outstanding balances and their corresponding interest rates. Then, each month I will pay the minimum amount due on each account – except I plan to pay as much as possible on the highest-rate account or loan.
  • Start building an emergency fund. This year I am committed to starting an emergency fund. I will start slowly with a few dollars each month. I plan to double that amount to $2 for the next month. I am going to Double that again a month later and keep that pattern up.
  • Audit your subscriptions: Subscription services have exploded over the last few years. I plan to revisit all of my subscriptions. From Netflix to Hulu, Microsoft 360 to Apple Music, these sneaky charges add up over time.
  • Cut myself some slack: I know that from time to time I may mess up. This year I wont quit entirely on my financial goals every time I mess up but rather I will try to get back on track.

With a little planning you can also gain financial confidence can decrease your financial stress levels too. Hope this was helpful and Happy 2017!

At SunTrust Bank their purpose is lighting the way to financial well-being. When you feel confident about your money, you can save for your goals and spend knowingly on what matters most to you.

The onUp movement was created to guide millions of people one step at a time towards a more financially confident life without ever losing sight of the moments that matter along the way.

Join the growing number of people transforming their stress into positive motivation to move onUp.

Join the movement

This is a sponsored conversation written by me on behalf of SunTrust. The opinions and text are all mine.

39 COMMENTS

  1. 800464 918761Im so happy to read this. This really is the kind of manual that needs to be given and not the accidental misinformation thats at the other blogs. Appreciate your sharing this finest doc. 959604

  2. I’m not sure where you’re getting your information, but great topic.
    I needs to spend some time learning more or understanding
    more. Thanks for magnificent info I was looking for this info for
    my mission.

  3. Magnificent goods from you, man. I’ve understand your stuff previous to and you’re just extremely
    magnificent. I actually like what you have acquired here, really like what you are stating and the way in which you say it.
    You make it enjoyable and you still take care of to keep it sensible.
    I can not wait to read far more from you. This is actually
    a great site.

  4. Excellent items from you, man. I’ve understand your stuff previous
    to and you are simply too great. I really like what you’ve acquired right here, really like what you’re stating and
    the best way during which you say it. You are making
    it entertaining and you continue to care for
    to stay it sensible. I can’t wait to read much more from you.
    This is actually a wonderful website.

  5. My developer is trying to persuade me to move to .net from PHP.
    I have always disliked the idea because of the expenses.

    But he’s tryiong none the less. I’ve been using WordPress on several websites for about a year and am nervous about switching to another platform.
    I have heard good things about blogengine.net. Is there a
    way I can transfer all my wordpress content into
    it? Any kind of help would be really appreciated!

  6. Very good website you have here but I was curious if you knew
    of any discussion boards that cover the same topics talked about here?
    I’d really love to be a part of online community
    where I can get feedback from other experienced individuals that share the
    same interest. If you have any suggestions, please let me know.

    Thank you!

  7. My developer is trying to convince me to move to
    .net from PHP. I have always disliked the idea because of the costs.
    But he’s tryiong none the less. I’ve been using Movable-type
    on several websites for about a year and am worried about switching to
    another platform. I have heard fantastic things about blogengine.net.
    Is there a way I can import all my wordpress posts into it?
    Any help would be really appreciated!

  8. Can I simply just say what a relief to uncover somebody that truly knows what they’re talking
    about over the internet. You definitely realize how to bring an issue to light
    and make it important. More and more people have to
    read this and understand this side of your story. I was surprised you are
    not more popular since you most certainly have the gift.

  9. I used to be recommended this web site via my cousin. I’m not certain whether this put up is written by means of him as nobody else know
    such special approximately my difficulty. You are wonderful!
    Thanks!

  10. Today, I went to the beach front with my kids.
    I found a sea shell and gave it to my 4 year old daughter
    and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed.
    There was a hermit crab inside and it pinched her
    ear. She never wants to go back! LoL I know this is totally off topic but I had to
    tell someone!

  11. Hi there every one, here every one is sharing such know-how, so it’s fastidious to read this blog, and
    I used to visit this website every day.

  12. Just desire to say your article is as amazing. The clearness in your post is just excellent and i could assume you’re an expert on this subject. Fine with your permission let me to grab your feed to keep up to date with forthcoming post. Thanks a million and please carry on the enjoyable work.

  13. 904140 277911I dont feel Ive scan anything like this before. So good to discover somebody with some original thoughts on this subject. thank for starting this up. This web site is something that is needed on the web, someone with a little originality. Very good job for bringing something new to the internet! 18163

  14. Fantastic web site. Lots of useful info here. I am sending it to some pals ans also sharing in delicious.
    And of course, thanks in your effort!

LEAVE A REPLY

Please enter your comment!
Please enter your name here