New Year's Resolution

Place managing your personal finances near the top of New Year's resolutions!

Managing money and personal finances has become harder than ever and if you don't commit yourself to making an extra effort, chances are nothing will change.

One of my favourite sayings is:

the definition of insanity is to keep doing the same thing over and over again but expect a different result

This motto can be applied to your personal finances - if you don't change the way you're managing your personal finances, you won't improve your financial position. If you don't control your spending habits, your debts will increase.

Take the opportunity to reflect on how you're controlled your money over the last 12 months and ask yourself could you have done better? Could you have spent less? Could you have applied more of your money to your debts? Can you cancel one of your credit cards? etc etc.

Every day I read about personal finance issues not only in Australia but all over the world. The sub-prime mortgage crisis has cause significant personal financial stress in America, world credit is getting tighter as a result and banks in Australia are thinking of increasing interest rates to compensate. Credit card debt increases at alarming rates, personal bankruptcies in Australia are at record highs but the banks will always give you more credit and you can still get you 42" plasma on 48 months interest free terms.

If you're one of those people who make New Year's resolutions, make sure you put managing my personal finances near the top of the list. Make a pledge to increase your savings, reduce your debts and eliminate your financial stress.

Visit www.easy-budgeting.com to download your own personal budget planner and start the New Year by creating a budget for the next 12 months.

I created this budgeting tool with the aim of providing everyday people with a simple, straightforward and easy to use budget planner that will help them get back in control of your finances. This tool will help you identify where you can improve your finances and help you better understand your spending patterns so that you can make the necessary adjustments to increase you savings. Have a look, it may just the tool you've been looking for!

Enjoy the celebrations, have a great new year and stay safe