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Saving money your New Year’s resolution? Here’s how to do it

Eau Claire (WQOW) – For many, money can be a big part of our New Year’s resolution.

Local financial adviser, Andrew Schlafer said the first step is to start with a budget because typically saving starts with a particular goal in mind.

The second step is to figure out where your money is going, determine what’s important to you and what you’re trying to achieve.

Third, pay yourself first. When you receive your paycheck, set aside a specific dollar amount to be automatically transferred into a saving account.

Schlafer said with any new goal; people should use the acronym S.M.A.R.T.: Be Specific. Is it Measurable? Is it Attainable? Is it Realistic? What is the Timeframe for your financial goal?

Lindsey Ford

Lindsey Ford is a multi-media journalist.

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