Money Tips to Give Your Finances a Makeover

Today we’re sharing money tips to give your finances a makeover. The new year is well under way. If you’re like most people, you made some lofty resolutions to change your spending habits and start saving more money this year. Now that we’re a couple months into the year, maybe you find yourself slipping back into old habits?  Check out these money tips that will make good changes in your financial situation throughout the rest of the year and beyond.

Money Tips to Give Your Finances a Makeover

Stop Using Credit Cards

Money Tips to Give Your Finances a Makeover

One of the best money tips to make over your finances is to stop using credit cards. Pay cash whenever possible, and if you don’t have cash, then don’t buy the item. Put the credit cards away so you won’t be tempted to use them and then stop using them. Pay down those debts and enjoy the extra cash you will eventually have.

Stop Robbing Peter to Pay Paul

We all do it — robbing Peter to pay Paul. If you’re not sure about that adage, it simply means taking money from one place to pay a bill elsewhere. For example, you’re short on your water bill this month, so you use your grocery money to pay the bill. That results in you either not eating, or taking the car payment money to buy food. Next you will need to take the money set aside for the electric bill in order to pay the car payment. It’s an endless, vicious cycle that gets you nowhere except in the hole. Try to create a nest egg that will help you pay those bills so you aren’t constantly getting yourself behind.

Pay Bills On Time to Avoid Late Fees

Try to pay your bills on time in order to avoid late fees. Those late fees may not seem like a big deal, but if you have 20 bills every month and are late on each one, it can add up. Imagine if each bill had a $5 late fee (late fees are usually much more than that, though). That equals an extra $100 per month that you are paying in fees. Do everything you can to pay as many bills as possible on time to keep those late fees away.

Start Saving Money

If you haven’t been serious about saving money before now, it’s time to get serious. You can’t get yourself into a better financial position if you don’t save anything. Even $5 a week is better than nothing. Make the effort to save — no matter the amount — and you won’t be sorry.

Make a Commitment to Pay Off At Least One Debt

If you have debts — whether they are credit cards, personal loans, mortgages, vehicles, or medical bills — pick out the smallest to tackle and pay off this coming year. Choosing the smallest debt won’t be as overwhelming and won’t take as long. Break the balance down into 12 equal payments then start now to pay it off by this time next year.


Following these money tips to makeover your finances now will help get you in shape so you can really stick to your goals. Plus, even if you do slide a bit, they’ll make next year’s resolutions a lot easier to manage!

Do you have any money tips to help makeover your finances? Share in the comments!


7 thoughts on “Money Tips to Give Your Finances a Makeover”

  1. These are great tips! Our goal in the new year is to not use credit cards – it can be hard sometimes but it’s super nice not having that debt hanging over us!

  2. I have been trying to get my debt knocked down. We were hit with a lot of late fees in the past and they wrecked us. These are great tips

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