4 Money Moves You Can Do To Start The Year Off Right

By Andrew Daniels on January 2, 2017 No Comments

With 2016 in the review mirror, it’s time to turn our attention to the amazing year ahead, and see what 2017 has to offer. With all of the possibilities and opportunities it’s hard to know where to begin.

To make the most of your money this year, make sure to get these money items off your checklist right away.

1: Start Tracking Your Spending

If you want to get better with your money, you need to start tracking how much you spend. The easiest way to do this is with your smartphone. There are an endless amount of apps out there that can do this. is a free one that many people use to track their finances. I use it and love it.

I love being able to know where my money goes every month and it helps me keep an eye on my budgets over time. It’s great to be able to compare how much you spent last month and see if you are getting better with your money habits.

The best part is that the tracking happens automatically. Once your accounts are connected it tracks your spending without having to do anything else.

2: Automate Your Savings

This is a surefire way to financial success. If you want to get great at money, then automating your savings is the way to go.

When you automate your savings it takes the thinking out of the equation. This is a huge bonus. You don’t have to remember every pay day to put an amount into a separate account. It just happens on it’s own.

If you talk to people who are doing well with their money, you can all but guarantee that they are doing well because they automate their savings. You do it once to get it set up, and then you don’t need to think about it anymore.

3: Pick 1 Money Goal For The Year

I don’t know about you, but every year I set a thousand goals and fail on all of them by February.

This year do things different. Set 1 goal for your money. Not 5, or 10, or 15 different little goals, just 1.

Then go after that goal with all your energy. No excuses, or reasons for not making it happen. There is only one goal and it’s getting all of your focus.

If you are wondering what kind of goals you can set here are a few ideas:

The goal itself is important, but what is far more important is how you feel about the goal. Whatever goal you pick, make sure it’s something that you feel strongly about. That way it will keep you motivated throughout the year. Figure out how you are going to make this goal a reality for you. Create a plan and get started. If you are looking for ways to make a good goal look into the S.MA.R.T goal system.

4: Start a Savings Account for Next Christmas

The best thing you can do is to start a new Christmas fund and automate some money going into it every week. If you spent $1000 on Christmas gifts last year, then there is a pretty good chance you are going to need $1000 this year.

Don’t wait. Log into your bank and set up a weekly transfer of $20 into a separate account that you won’t touch until December. This small amount will get stashed away every week. By the time next Christmas rolls around, you will have $1000 put away. Best of all, you can rest easy knowing that you have handled your Christmas savings already.

With all these ideas the principle is simple: Get started and make it automatic whenever you can. Whatever you choose to do in the year ahead make sure you go after it with everything you’ve got.

All the best in the year ahead!

Image Credit: https: Christian Spies

Andrew Daniels

Andrew is a freelance writer and blogger. He and his wife paid off $320,000 in mortgage debt and now help others take control of their finances. You can find his blog at

Top Tips for First Time Home Buyers

By Rubina Ahmed-Haq on April 26, 2017

This is the busiest time for real estate transactions in Canada. If you’re out shopping for a home it’s easy to get caught up and spend more than you wanted too. For first time homebuyers it can be an overwhelming experience. Before setting out to buy your first home here are a few ways you…

How Diversifying Your Transportation Habits Can Save You Thousands

By Jordann Brown on April 17, 2017

If you grew up with two cars in your parents’ driveway, you’re not alone. Like most Canadians, the generation before us spent thousands of dollars per year maintaining their vehicles, fueling them up and paying for them through car loans. For our parents, cars were a sign of freedom, mobility, and independence. Fast forward 20…

How to Budget For Summer Holidays

By Alyssa Davies on March 29, 2017

I know what you’re thinking – summer seems way too far away to be worrying about what lies ahead. However, that is exactly why you need to start planning and prepping for any upcoming expenses. Not unlike Christmastime, summer travel and events can end up being just as costly. Wedding season rolls around, camping trips…

Which Type of Debt Should You Repay First?

By Amanda Reaume on March 23, 2017

Some people feel very anxious when they’re in debt and want to pay it off as soon as possible. But if you have a lot of debt or if you have many different types of debt, then you might be confused as to which debt you should pay off first. The first thing that you…

No Comments Leave a Comment  

Leave a Comment

Free Savings Estimate

How much do you owe?


Live Chat
Welcome to our Live Chat
Agents are not available at this time. Please leave a message. Thank you.
First Name
Last Name
Postal Code
Debt Amount
PHP Live! powered