PORTLAND, Maine (NEWS CENTER) -- The start of a New Year of course is a time when we promise ourselves to be thinner, more charitable and financially fit.
Experts say its a good time to set realistic goals when it comes to getting out of debt and saving for the future. Certified Financial Planner Susan Veligor says people should start off with a budget that lists priorities and gives you an idea how much you have to spend each month.
She recommends to stop using credit cards unless you can pay the balance off every month.
With favorable interest rates, financining your home could save you an extra one hundred dollars each month.
Also, look for ways for ways you can cut back on unecessary spending. That incles avoiding high price coffee shops and eating out. instead bring coffee and lunch from home.
'People can spend up to sixty to seventy dollars on their lunch and their cofees, that is after tax they generally have to earn a hundred dollars to support that, said Veligor.
Veligor also recommending opening up a 'club' account a your local bank. It's an account that has no fees as long you continue put money in.